We buy surplus in bulk. Click here to get a free valuation.

Surplus Machinery

KAMA DXDC 8IV 220 VOLTS | Tea Bagging Machines

  • Machinery Dimensions: 66.46 x 52.36 x 86.81 in
  • Capacity Details: 105±5bags/minute
  • Model: DXDC 8IV
  • Manufacturer Name: KAMA
  • Machinery Weight: 2800 LBS
  • Year: 2011
  • Voltage: 220 VOLTS
  • Phase: 3
  • Recommended Packaging Form: PALLET
  • Located in: CA, USA

We buy KAMA DXDC 8IV 220 VOLTS in bulk. Click here to get a free valuation.

Ingersoll Rand CENTAC 2CV 29 M3 HP C12228 2946 SCFM 3575 RPM 10.34 PSI 110.10 PSI 600 HP 440 VOLTS 60 HERTZ 662 AMPS | Air Compressors

  • Machinery Weight: 28108.65 lb
  • Machinery Dimensions: 185.04 x 86.61 x 86.61 in
  • Current: 662 AMPS
  • Produce Being Compressed: Compressed Air at Discharge Pressure 110.10 psig
  • Horsepower: 600 HP
  • Pressure Rating (Pressure): 110.10 PSI
  • Capacity Details: Intake Capacity 2946 ICFM, Intake Pressure 10.34 psia
  • Heating Cooling Requirements: Intake Temperature 27°C
  • Air Requirements: 10.34 PSI
  • Capacity Speed: 3575 RPM
  • Capacity Size: 2946 SCFM
  • Model: CENTAC 2CV 29 M3 HP
  • Serial Number: C12228
  • Manufacturer Name: Ingersoll Rand
  • Voltage: 440 VOLTS
  • Year: 2005
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Mexico

We buy Ingersoll Rand CENTAC 2CV 29 M3 HP C12228 2946 SCFM 3575 RPM 10.34 PSI 110.10 PSI 600 HP 440 VOLTS 60 HERTZ 662 AMPS in bulk. Click here to get a free valuation.

Oli GmbH Oli Pal C | Case Packers

  • Machinery Dimensions: 64.96 x 39.37 x 82.68 in
  • Machinery Dimensions: 185.04 x 62.99 x 78.74 in
  • Model: Oli Pal C
  • Manufacturer Name: Oli GmbH
  • Machinery Weight: 3306.90 lb
  • Machinery Weight: 2204.60 lb
  • Located in: Europe

We buy Oli GmbH Oli Pal C in bulk. Click here to get a free valuation.

Rudolf Deckert CL-110 09.087 6 BAR 240 VOLTS 50 HERTZ | Cottoners

  • Machinery Dimensions: 108.27 x 37.40 x 75.59 in
  • Model: CL-110
  • Serial Number: 09.087
  • Manufacturer Name: Rudolf Deckert
  • Machinery Weight: 1763.68 lb
  • Voltage: 240 VOLTS
  • Air Requirements: 6 BAR
  • Year: 2009
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Located in: Debrecen, Hungary

We buy Rudolf Deckert CL-110 09.087 6 BAR 240 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Gardner Mfg, Co. | Blenders

  • Machinery Dimensions: 78.74 x 51.18 x 59.06 in
  • Manufacturer Name: Gardner Mfg, Co.
  • Type of Blender: DRUM
  • Machinery Weight: 396.83 lb
  • Phase: 1
  • Located in: Europe

We buy Gardner Mfg, Co. in bulk. Click here to get a free valuation.

Atlas Copco ZR4-AE ARP496871 33169 running 19.40 lb 400 VOLTS 50 HERTZ | Rotary Screw Compressors

  • Machinery Dimensions: 114.17 x 66.93 x 76.77 in
  • Capacity Size: 19.40 lb
  • Serial Number: ARP496871
  • Model: ZR4-AE
  • Hours: 33169 running
  • Produce Being Compressed: Air
  • Manufacturer Name: Atlas Copco
  • Voltage: 400 VOLTS
  • Machinery Weight: 4409.20 lb
  • Frequency: 50 HERTZ
  • CE Marked: NO
  • Phase: 3
  • Located in: Lancashire, United Kingdom

We buy Atlas Copco ZR4-AE ARP496871 33169 running 19.40 lb 400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

TEK-TEMP INSTRUMENTS lnc TKD100/7K/R1/DD A19008710R1 230 VOLTS 60 HERTZ 10 AMPS | Chillers

  • Machinery Dimensions: 40 x 40 x 62 IN
  • Model: TKD100/7K/R1/DD
  • Serial Number: A19008710R1
  • Manufacturer Name: TEK-TEMP INSTRUMENTS lnc
  • Machinery Weight: 600 LBS
  • Current: 10 AMPS
  • Voltage: 230 VOLTS
  • Recommended Packaging Form: CRATE
  • CE Marked: NO
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy TEK-TEMP INSTRUMENTS lnc TKD100/7K/R1/DD A19008710R1 230 VOLTS 60 HERTZ 10 AMPS in bulk. Click here to get a free valuation.

Mettler Toledo SR16001 1125210292 16100 G 0.1 G 100-240 VOLTS 50/60 HERTZ | Scales

  • Machinery Dimensions: 19 x 12 x 5 IN
  • Platform Dimensions: 14"x 11" IN
  • Model: SR16001
  • Serial Number: 1125210292
  • Capacity Size: 16100 G
  • Degree of Precision: 0.1 G
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 30 LBS
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Mettler Toledo SR16001 1125210292 16100 G 0.1 G 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Pentair PS2162-D7-T PS2162-D7-T 1 GPM | Water Purification and Still Systems

  • Machinery Dimensions: 60 x 20 x 65 IN
  • Capacity Speed: 1 GPM
  • Model: PS2162-D7-T
  • Serial Number: PS2162-D7-T
  • Manufacturer Name: Pentair
  • Machinery Weight: 500 LBS
  • Year: 2006
  • Located in: Nicaragua

We buy Pentair PS2162-D7-T PS2162-D7-T 1 GPM in bulk. Click here to get a free valuation.

Phenomenex | Miscellaneous Lab Equipment

  • Manufacturer Name: Phenomenex
  • Located in: North America

We buy Phenomenex in bulk. Click here to get a free valuation.

Eagle Manufacturing Co 1947 45 GALS | Miscellaneous

  • Machinery Dimensions: 19 x 43 x 66 IN
  • Model: 1947
  • Capacity Size: 45 GALS
  • Manufacturer Name: Eagle Manufacturing Co
  • Machinery Weight: 250 LBS
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy Eagle Manufacturing Co 1947 45 GALS in bulk. Click here to get a free valuation.

IMA K150/C 380 VOLTS 3,5 KW | Horizontal Cartoners

  • Machinery Weight: 3483.27 lb
  • Machinery Dimensions: 170.08 x 65.75 x 65.75 in
  • Current: 3,5 KW
  • Model: K150/C
  • Speed: Production capacity cartons/min 15-150 CPM
  • Carton Size or Range: Min carton dimensions, mm 20 x 12 x 50 Max carton dimensions, mm 85 x 60 x 190
  • Type of Closure: TUCK
  • Manufacturer Name: IMA
  • Frequency: 50
  • Voltage: 380 VOLTS
  • Year: 1996
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy IMA K150/C 380 VOLTS 3,5 KW in bulk. Click here to get a free valuation.

Grant Instruments Ltd. OLS 200 220 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 13.78 x 22.05 x 12.99 in
  • Model: OLS 200
  • Manufacturer Name: Grant Instruments Ltd.
  • Machinery Weight: 35.27 lb
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Grant Instruments Ltd. OLS 200 220 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Haake V26 1200001558102 230 VOLTS 50 HERTZ | Miscellaneous

  • Machinery Dimensions: 31.50 x 11.81 x 17.32 in
  • Model: V26
  • Serial Number: 1200001558102
  • Manufacturer Name: Haake
  • Machinery Weight: 88.18 lb
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: Basel, Basel, Switzerland

We buy Haake V26 1200001558102 230 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Manesty 4212 8X1NO | Granulators

  • Machinery Dimensions: 51.18 x 31.50 x 59.06 in
  • Serial Number: 8X1NO
  • Model: 4212
  • Manufacturer Name: Manesty
  • Machinery Weight: 385.81 lb
  • Year: 1993
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Located in: Spain

We buy Manesty 4212 8X1NO in bulk. Click here to get a free valuation.

Baykal Aph 1985 | Hydraulic Presses

  • Machinery Weight: 8906.58 lb
  • Machinery Dimensions: 104.33 x 39.37 x 90.55 in
  • Model: Aph 1985
  • Manufacturer Name: Baykal
  • Year: 1986
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Baykal Aph 1985 in bulk. Click here to get a free valuation.

IWKA TFS 20 | Fillers

  • Machinery Dimensions: 72 x 48 x 60 IN
  • Model: TFS 20
  • Manufacturer Name: IWKA
  • Type of Filler: TUBE
  • Year: 1990
  • Machinery Weight: 3000 LBS
  • Located in: North America

We buy IWKA TFS 20 in bulk. Click here to get a free valuation.

Applied Materials Inc 0005590 35-50 LBS 145 PSI | Actuators

  • Serial Number: 0005590
  • Machinery Dimensions: 10 x 7 x 20 IN
  • Capacity Speed: 145 PSI
  • Capacity Size: 35-50 LBS
  • Type of Actuator: PNEUMATIC
  • Machinery Weight: 30 LBS
  • Manufacturer Name: Applied Materials Inc
  • Recommended Packaging Form: 19C (22X15X13)
  • Located in: CA, USA

We buy Applied Materials Inc 0005590 35-50 LBS 145 PSI in bulk. Click here to get a free valuation.

Airedale International Air Conditioning LogiCool 20/40 KW | Chillers

  • Machinery Dimensions: 55.12 x 51.18 x 90.55 in
  • Current: 20/40 KW
  • Model: LogiCool
  • Manufacturer Name: Airedale International Air Conditioning
  • Machinery Weight: 1102.30 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Wales, United Kingdom

We buy Airedale International Air Conditioning LogiCool 20/40 KW in bulk. Click here to get a free valuation.

AccuPlace Aevo 1515 OPT1 2160213;A160413. 6 BAR 120 VOLTS 60 HERTZ | Labelers

  • Machinery Dimensions: 43.70 x 20.47 x 23.62 in
  • Air Requirements: 6 BAR
  • Application Type: WIPE/MERGE
  • Type of Labeler: PRINT AND APPLY
  • Model: Aevo 1515 OPT1
  • Serial Number: 2160213;A160413.
  • Manufacturer Name: AccuPlace
  • Number of Labeling Heads: 1
  • Machinery Weight: 121.25 lb
  • Year: 2013
  • CE Marked: NO
  • Phase: 1
  • Voltage: 120 VOLTS
  • Frequency: 60 HERTZ
  • Located in: Wales, United Kingdom

We buy AccuPlace Aevo 1515 OPT1 2160213;A160413. 6 BAR 120 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Skinetta ASK300b 6 BAR 208 VOLTS 60 HERTZ | Wrappers/Overwrappers/Bundlers

  • Machinery Dimensions: 169 x 44 x 68 IN
  • Model: ASK300b
  • Manufacturer Name: Skinetta
  • Year: 2004
  • Machinery Weight: 4000 LBS
  • Air Requirements: 6 BAR
  • Voltage: 208 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy Skinetta ASK300b 6 BAR 208 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Xcellerex XDM-Q-1000-T 145110 230 VOLTS 50 HERTZ 10 AMPS | Mixers

  • Machinery Dimensions: 43.31 x 47.24 x 51.18 in
  • Serial Number: 145110
  • Model: XDM-Q-1000-T
  • Manufacturer Name: Xcellerex
  • Type of mixer: CONVENTIONAL
  • Machinery Weight: 1322.76 lb
  • Current: 10 AMPS
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • Phase: 1
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Switzerland

We buy Xcellerex XDM-Q-1000-T 145110 230 VOLTS 50 HERTZ 10 AMPS in bulk. Click here to get a free valuation.

M and O Perry Industries P-1540 115 VOLTS 60 HERTZ | Fillers

  • Current: 30
  • Model: P-1540
  • Manufacturer Name: M and O Perry Industries
  • Type of Filler: VIAL - AMPOULE
  • Voltage: 115 VOLTS
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: North America

We buy M and O Perry Industries P-1540 115 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Nikon VMA 4540 NA PSI 240 VOLTS 50/60 HERTZ | Measuring Equipment

  • Machinery Dimensions: 53 x 33 x 10 IN
  • Air Requirements: NA PSI
  • Model: VMA 4540
  • Manufacturer Name: Nikon
  • Voltage: 240 VOLTS
  • Year: 2016
  • Machinery Weight: 300 LBS
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Recommended Packaging Form: PALLET
  • Located in: North America

We buy Nikon VMA 4540 NA PSI 240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

ITT A234 867977-012-004; 867977-012-003; 867977-012-001; 867977-012-002; 867977-014-002; 867977-014-001 | Actuators

  • Machinery Weight: 260 LBS
  • Model: A234
  • Serial Number: 867977-012-004; 867977-012-003; 867977-012-001; 867977-012-002; 867977-014-002; 867977-014-001
  • Manufacturer Name: ITT
  • Machinery Dimensions: 48 x 40 x 24 IN
  • Type of Actuator: PNEUMATIC
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy ITT A234 867977-012-004; 867977-012-003; 867977-012-001; 867977-012-002; 867977-014-002; 867977-014-001 in bulk. Click here to get a free valuation.

Gehaka Analytical 200 G 220 VOLTS 60 HERTZ | Scales

  • Machinery Dimensions: 19.69 x 10.63 x 13.78 in
  • Manufacturer Name: Gehaka
  • Model: Analytical
  • Capacity Size: 200 G
  • Machinery Weight: 17.64 lb
  • Voltage: 220 VOLTS
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: Brazil

We buy Gehaka Analytical 200 G 220 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Marchesini Group MARCHESINI MA140 120 BPM BLISTERS ESTUCHADOS 6 BAR 3X400 VOLTS 2.7 AMPS | Horizontal Cartoners

  • Machinery Dimensions: 169.09 x 59.06 x 1900 in
  • Current: 2.7 AMPS
  • Voltage: 3X400 VOLTS
  • Method of Code Dater: GRABADO EN BAJO RELIEVE
  • Product Loading: AUTOMÁTICO
  • Line Motion: INTERMITENTE
  • Products Run: BLISTERS ESTUCHADOS
  • Product Sizing: VARIABLE
  • Model: MARCHESINI MA140
  • Speed: 120 BPM
  • Carton Size or Range: ANCHO 25-100 LARGO 70 - 200 ALTURA 15 - 70
  • Number of Products per Carton: VARIABLE
  • Manufacturer Name: Marchesini Group
  • Machinery Weight: 3968.28 lb
  • CE Marked: SÍ
  • Frequency: 50
  • Product Handling: HORIZONTAL
  • Recommended Packaging Form: 20C (28X20X20)
  • Air Requirements: 6 BAR
  • Year: 1989
  • Phase: 3
  • Located in: Latin America

We buy Marchesini Group MARCHESINI MA140 120 BPM BLISTERS ESTUCHADOS 6 BAR 3X400 VOLTS 2.7 AMPS in bulk. Click here to get a free valuation.

Waters C00ACH231M NO DETECTOR NO PUMP | HPLC

  • Machinery Dimensions: 13.39 x 5.12 x 25.98 in
  • Serial Number: C00ACH231M
  • Manufacturer Name: Waters
  • Machinery Weight: 15.43 lb
  • Type of Pump for HPLC: NO PUMP
  • Type of Detector for HPLC: NO DETECTOR
  • CE Marked: YES
  • Located in: Antwerpen, Belgium

We buy Waters C00ACH231M NO DETECTOR NO PUMP in bulk. Click here to get a free valuation.

Applied Materials Inc 0010-26749 34410 35-50 LBS 145 PSI | Actuators

  • Serial Number: 34410
  • Model: 0010-26749
  • Machinery Dimensions: 10 x 7 x 20 IN
  • Capacity Speed: 145 PSI
  • Capacity Size: 35-50 LBS
  • Type of Actuator: PNEUMATIC
  • Machinery Weight: 30 LBS
  • Manufacturer Name: Applied Materials Inc
  • Recommended Packaging Form: 19C (22X15X13)
  • Located in: CA, USA

We buy Applied Materials Inc 0010-26749 34410 35-50 LBS 145 PSI in bulk. Click here to get a free valuation.

AB Sciex API 2000 QTRAP 15A AMPS | Mass Spectrometers

  • Machinery Weight: 280 LBS
  • Machinery Dimensions: 48 x 42 x 42 IN
  • Current: 15A AMPS
  • Type of Mass Spec: TRIPLE STAGE QUAD
  • Model: API 2000 QTRAP
  • Manufacturer Name: AB Sciex
  • Phase: 1
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy AB Sciex API 2000 QTRAP 15A AMPS in bulk. Click here to get a free valuation.

Aesus Delta PRESSURE SENSITIVE 80 PSI 208 VOLTS | Labelers

  • Machinery Dimensions: 180 x 72 x 84 IN
  • Frequency: 60
  • Air Requirements: 80 PSI
  • Products Run: syringe
  • Imprinter or Coder: Yes
  • Application Type: WRAP
  • Model: Delta
  • Manufacturer Name: Aesus
  • Machinery Weight: 4000 LBS
  • Number of Labeling Heads: 1
  • Type of Label: PRESSURE SENSITIVE
  • Type of Labeler: INLINE
  • Year: 2011
  • Voltage: 208 VOLTS
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Phase: 1
  • Located in: North America

We buy Aesus Delta PRESSURE SENSITIVE 80 PSI 208 VOLTS in bulk. Click here to get a free valuation.

Packard Bioscience MultiPROBE II | Sample Preparation

  • Model: MultiPROBE II
  • Manufacturer Name: Packard Bioscience
  • Located in: North America

We buy Packard Bioscience MultiPROBE II in bulk. Click here to get a free valuation.

Disco DFG-821F/8 | Wafer Grinder

  • Model: DFG-821F/8
  • Manufacturer Name: Disco
  • Machinery Weight: 4500 LBS
  • Machinery Dimensions: 96 x 48 x 72 IN
  • Year: 1991
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy Disco DFG-821F/8 in bulk. Click here to get a free valuation.

Thermo Forma Scientific 5532 | Laboratory Centrifuges

  • Model: 5532
  • Manufacturer Name: Thermo Forma Scientific
  • Located in: North America

We buy Thermo Forma Scientific 5532 in bulk. Click here to get a free valuation.

CS Industria Eletronica Ltda CET 501 TI 000134 220 VOLTS 60 HERTZ 5 KVA | Power Supplies

  • Machinery Dimensions: 13.39 x 22.44 x 25.98 in
  • Current: 5 KVA
  • Model: CET 501 TI
  • Serial Number: 000134
  • Manufacturer Name: CS Industria Eletronica Ltda
  • Machinery Weight: 176.37 lb
  • Voltage: 220 VOLTS
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: Brazil

We buy CS Industria Eletronica Ltda CET 501 TI 000134 220 VOLTS 60 HERTZ 5 KVA in bulk. Click here to get a free valuation.

Ekato Fluid EM 2040 50122019 20-118 RPM PROP STYLE | Agitators

  • Serial Number: 50122019
  • Machinery Dimensions: 88 x 27 x 31 IN
  • Type of Agitation: PROP STYLE
  • Output Speed: 20-118 RPM
  • Model: EM 2040
  • Manufacturer Name: Ekato Fluid
  • Mounting Style: FLANGE
  • Year: 2018
  • Machinery Weight: 400 LBS
  • Recommended Packaging Form: CRATE
  • Located in: MA, USA

We buy Ekato Fluid EM 2040 50122019 20-118 RPM PROP STYLE in bulk. Click here to get a free valuation.

Dionex Switchos | HPLC

  • Model: Switchos
  • Manufacturer Name: Dionex
  • Located in: North America

We buy Dionex Switchos in bulk. Click here to get a free valuation.

Aczet Pvt.Ltd. CY 4102C | Balances

  • Model: CY 4102C
  • Manufacturer Name: Aczet Pvt.Ltd.
  • Located in: North America

We buy Aczet Pvt.Ltd. CY 4102C in bulk. Click here to get a free valuation.

Hitachi Titanium Rotor C40CT2 1005 brand new | Assembly Packaging

  • Serial Number: 1005
  • Model: Titanium Rotor C40CT2
  • Machinery Weight: 88.18 lb
  • Machinery Dimensions: 37.80 x 14.96 x 9.45 in
  • Last Known Date of Operation: brand new
  • Any special features on the system?: YES
  • Any upgrade to the system?: YES
  • Manufacturer Name: Hitachi
  • Is System Running or Powered Off?: RUNNING
  • Fuctional or Non Functional: FUCTIONAL
  • Year: 2012
  • CE Marked: NO
  • Recommended Packaging Form: PALLET
  • Located in: Czech Republic

We buy Hitachi Titanium Rotor C40CT2 1005 brand new in bulk. Click here to get a free valuation.

Crest Ultrasonics 0605-T-0454 220/460 VOLTS 50/60 HERTZ 2.9/1.45 AMPS | Ultrasonic Cleaners

  • Machinery Dimensions: 42 x 70 x 48 IN
  • Current: 2.9/1.45 AMPS
  • Voltage: 220/460 VOLTS
  • Serial Number: 0605-T-0454
  • Manufacturer Name: Crest Ultrasonics
  • Machinery Weight: 700 LBS
  • Year: 2005
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 3
  • Located in: PR, USA

We buy Crest Ultrasonics 0605-T-0454 220/460 VOLTS 50/60 HERTZ 2.9/1.45 AMPS in bulk. Click here to get a free valuation.