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

Surplus Machinery

Distek 2100C 115 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 48 x 20 x 40 IN
  • Model: 2100C
  • Manufacturer Name: Distek
  • Machinery Weight: 450 LBS
  • Voltage: 115 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Forest, VA, USA

We buy Distek 2100C 115 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Brookfield DVII 8490786 and 8490829 115 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 24 x 12 x 18 IN
  • Model: DVII
  • Serial Number: 8490786 and 8490829
  • Manufacturer Name: Brookfield
  • Machinery Weight: 30 LBS
  • Voltage: 115 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Forest, VA, USA

We buy Brookfield DVII 8490786 and 8490829 115 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Hymo MX 12 - 9 600 LBS 380 VOLTS 50 HERTZ | Lifts

  • Machinery Dimensions: 55.12 x 39.37 x 2.76 in
  • Capacity Size: 600 LBS
  • Model: MX 12 - 9
  • Manufacturer Name: Hymo
  • Operation: AUTOMATIC
  • Lifting Device: DRUM
  • Year: 1990
  • Machinery Weight: 881.84 lb
  • Voltage: 380 VOLTS
  • Frequency: 50 HERTZ
  • Located in: Europe

We buy Hymo MX 12 - 9 600 LBS 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Paletrans PT 1645 09751881 3527.36 lb | Fork Lift Trucks

  • Machinery Dimensions: 78.74 x 33.86 x 84.65 in
  • Model: PT 1645
  • Capacity Size: 3527.36 lb
  • Serial Number: 09751881
  • Manufacturer Name: Paletrans
  • Machinery Weight: 1697.54 lb
  • Lifting Device: FORK
  • Fuel: ELECTRIC
  • Recommended Packaging Form: CUSTOM
  • Located in: Sao Paulo, Brazil

We buy Paletrans PT 1645 09751881 3527.36 lb in bulk. Click here to get a free valuation.

Gericke RH HP 4241 0.26 gal | Hoppers

  • Model: RH HP 4241
  • Machinery Dimensions: 59.06 x 59.06 x 98.43 in
  • Capacity Size: 0.26 gal
  • Manufacturer Name: Gericke
  • Machinery Weight: 2204.60 lb
  • Located in: Medan, Indonesia

We buy Gericke RH HP 4241 0.26 gal in bulk. Click here to get a free valuation.

Gough Econ Swing Link no plate found | Escalators/Elevators

  • Machinery Dimensions: 66.93 x 27.56 x 157.48 in
  • Model: Swing Link
  • Manufacturer Name: Gough Econ
  • Serial Number: no plate found
  • Machinery Weight: 3306.90 lb
  • CE Marked: NO
  • Located in: Lancashire, United Kingdom

We buy Gough Econ Swing Link no plate found in bulk. Click here to get a free valuation.

Hewlett Packard 1100 DE30519147, DE53400598, DE64155360,DE52700485, JP13209613, DIODE ARRAY 120/230 VOLTS 50/60 HERTZ | HPLC

  • Machinery Dimensions: 15.75 x 19.69 x 35.43 in
  • Serial Number: DE30519147, DE53400598, DE64155360,DE52700485, JP13209613,
  • Manufacturer Name: Hewlett Packard
  • Model: 1100
  • Machinery Weight: 165.35 lb
  • Type of Pump for HPLC: QUATERNARY
  • Type of Detector for HPLC: DIODE ARRAY
  • Voltage: 120/230 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Antwerpen, Belgium

We buy Hewlett Packard 1100 DE30519147, DE53400598, DE64155360,DE52700485, JP13209613, DIODE ARRAY 120/230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Codman W1299 220-240 VOLTS 50/60 HERTZ | Waterbaths and Circulators

  • Machinery Dimensions: 11.81 x 15.75 x 6.30 in
  • Serial Number: W1299
  • Manufacturer Name: Codman
  • Machinery Weight: 13.23 lb
  • Voltage: 220-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Antwerpen, Belgium

We buy Codman W1299 220-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Markem Imaje SmartDate X40 GJ16101038 50/60 HERTZ INK JET Paper Bag Adjustable shaft | Miscellaneous

  • Machinery Dimensions: 7 x 9 x 24 IN
  • Mounted on What: Adjustable shaft
  • Printing on What: Paper Bag
  • Current: 2.0 - 1.0 AMPS
  • Voltage: 120 - 230 VOLTS
  • Serial Number: GJ16101038
  • Model: SmartDate X40
  • Manufacturer Name: Markem Imaje
  • Products Run: Dry Pet Food
  • Machinery Weight: 100 LBS
  • Year: 2016
  • Method of Code Dater: INK JET
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Victorville, CA, USA

We buy Markem Imaje SmartDate X40 GJ16101038 50/60 HERTZ INK JET Paper Bag Adjustable shaft in bulk. Click here to get a free valuation.

Sartorius E 320005-02XXB 30300909 71.65 lb 0.1 G 240 VOLTS 50 HERTZ | Scales

  • Machinery Dimensions: 36.61 x 24.41 x 54.33 in
  • Platform Dimensions: 430 x 330 in
  • Capacity Size: 71.65 lb
  • Model: E 320005-02XXB
  • Serial Number: 30300909
  • Degree of Precision: 0.1 G
  • Manufacturer Name: Sartorius
  • Voltage: 240 VOLTS
  • Machinery Weight: 110.23 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Located in: Wales, United Kingdom

We buy Sartorius E 320005-02XXB 30300909 71.65 lb 0.1 G 240 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Lanfranchi L2-SR16 + T12-SBP-MOR 16908-170-07 380 VOLTS 50 HERTZ | Unscramblers

  • Machinery Dimensions: 137.80 x 98.43 x 98.43 in
  • Serial Number: 16908-170-07
  • Model: L2-SR16 + T12-SBP-MOR
  • Manufacturer Name: Lanfranchi
  • Phase: 3+1
  • Machinery Weight: 13227.60 lb
  • Voltage: 380 VOLTS
  • Year: 2007
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Located in: France

We buy Lanfranchi L2-SR16 + T12-SBP-MOR 16908-170-07 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

CAM PMM 220-380 VOLTS 50 HERTZ | Horizontal Cartoners

  • Machinery Dimensions: 6.56 x 6.56 x 6.56 ft
  • Products Run: blisters, strips, trays, rigid or flexible tubes, bottles, sachets, soaps and other food or cosmetic products.
  • Model: PMM
  • Voltage: 220-380 VOLTS
  • Manufacturer Name: CAM
  • Machinery Weight: 3086.44 lb
  • Year: 2002
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Located in: Europe

We buy CAM PMM 220-380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Assorted EUT-1402355 | Miscellaneous

  • Serial Number: EUT-1402355
  • Machinery Dimensions: 31.50 x 19.69 x 11.81 in
  • Manufacturer Name: Assorted
  • Machinery Weight: 22.05 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Bridgend , Wales, United Kingdom

We buy Assorted EUT-1402355 in bulk. Click here to get a free valuation.

Liconic STX40 1440 115-240 VOLTS 50/60 HERTZ | Miscellaneous

  • Serial Number: 1440
  • Machinery Dimensions: 23.62 x 19.29 x 46.46 in
  • Model: STX40
  • Manufacturer Name: Liconic
  • Voltage: 115-240 VOLTS
  • Machinery Weight: 165.35 lb
  • Year: 2008
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: Basel, Basel, Switzerland

We buy Liconic STX40 1440 115-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Allen Bradley 22A-B4P5N104 180-264 VOLTS | Miscellaneous

  • Machinery Dimensions: 18 x 5 x 8 IN
  • Voltage: 180-264 VOLTS
  • Model: 22A-B4P5N104
  • Manufacturer Name: Allen Bradley
  • Machinery Weight: 12 LBS
  • Located in: Forest, VA, USA

We buy Allen Bradley 22A-B4P5N104 180-264 VOLTS in bulk. Click here to get a free valuation.

Xcellerex XDMQ500T 30346-18 | Mixers

  • Serial Number: 30346-18
  • Model: XDMQ500T
  • Machinery Dimensions: 374.02 x 47.24 x 59.06 in
  • Manufacturer Name: Xcellerex
  • Machinery Weight: 330.69 lb
  • Located in: Switzerland

We buy Xcellerex XDMQ500T 30346-18 in bulk. Click here to get a free valuation.

Connectors Verbindungstechnik AG 500 Liter 11410 STAINLESS STEEL 31.89 in 39.37 in | Mixing Vessels

  • Serial Number: 11410
  • Machinery Dimensions: 35.43 x 31.50 x 66.93 in
  • Model: 500 Liter
  • Overall Height: 39.37 in
  • Inside Diameter: 31.89 in
  • Capacity Size of Vessel: lb
  • Manufacturer Name: Connectors Verbindungstechnik AG
  • Straight Side: in
  • Type of Top Head: DISHED
  • Type of Bottom Head: DISHED
  • Agitation: YES
  • Tank Material of Construction: STAINLESS STEEL
  • Machinery Weight: 264.55 lb
  • Jacketed: NO
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Switzerland

We buy Connectors Verbindungstechnik AG 500 Liter 11410 STAINLESS STEEL 31.89 in 39.37 in in bulk. Click here to get a free valuation.

Zaizer xxxxxx 220/440 VOLTS STAINLESS STEEL | Conveyors

  • Machinery Dimensions: 32 x 1 x 80 FT
  • Type of Conveyor Belt: Sorter
  • Model: xxxxxx
  • Manufacturer Name: Zaizer
  • Voltage: 220/440 VOLTS
  • Type of Feet: ADJUSTABLE
  • Portable: YES
  • Type of Conveyors: INCLINE ELEVATOR CONVEYOR
  • Phase: 3+1
  • Machinery Weight: 8818.40 lb
  • Material of Construction: STAINLESS STEEL
  • Year: 2013
  • Recommended Packaging Form: CUSTOM
  • Located in: North America

We buy Zaizer xxxxxx 220/440 VOLTS STAINLESS STEEL in bulk. Click here to get a free valuation.

Sievers 820 98011259 220 VOLTS 50 HERTZ | Total Organic Carbon Analyzers

  • Machinery Dimensions: 31.50 x 11.81 x 11.81 in
  • Model: 820
  • Serial Number: 98011259
  • Manufacturer Name: Sievers
  • Machinery Weight: 33.07 lb
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Switzerland

We buy Sievers 820 98011259 220 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Perkin Elmer Fusion Alpha-FP 430249 100-240 VOLTS 50/60 HERTZ | Microplate Readers

  • Machinery Dimensions: 29.53 x 29.53 x 29.92 in
  • Serial Number: 430249
  • Model: Fusion Alpha-FP
  • Voltage: 100-240 VOLTS
  • Manufacturer Name: Perkin Elmer
  • Year: 2002
  • Machinery Weight: 176.37 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: United Kingdom

We buy Perkin Elmer Fusion Alpha-FP 430249 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Eagle Manufacturing Co 1923 24 GALS | Miscellaneous

  • Machinery Weight: 188 LBS
  • Machinery Dimensions: 24 x 20 x 66 IN
  • Model: 1923
  • Capacity Size: 24 GALS
  • Manufacturer Name: Eagle Manufacturing Co
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy Eagle Manufacturing Co 1923 24 GALS in bulk. Click here to get a free valuation.

Theodoso Cardoso Randon TAI-02 5285.20 gal STAINLESS STEEL | Tanks

  • Model: TAI-02
  • Capacity of Tank: 5285.20 gal
  • Manufacturer Name: Theodoso Cardoso Randon
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Tank Material of Construction: STAINLESS STEEL
  • Machinery Weight: 1653.45 lb
  • Year: 1999
  • Agitation: NO
  • Jacketed: NO
  • Located in: Brazil

We buy Theodoso Cardoso Randon TAI-02 5285.20 gal STAINLESS STEEL in bulk. Click here to get a free valuation.

Tetra Pak Tetra Cap Applicator 45 75636/17862 7000 L/HR 5.5 BAR 400/230 VOLTS 50/60 HERTZ 5.4 KW | Cappers

  • Machinery Weight: 2623.47 lb
  • Machinery Dimensions: 260 x 48 x 87 IN
  • Current: 5.4 KW
  • Air Requirements: 5.5 BAR
  • Products Run: JUICES
  • Capacity Speed: 7000 L/HR
  • Model: Tetra Cap Applicator 45
  • Serial Number: 75636/17862
  • Type of Capping: PRESS-ON
  • Manufacturer Name: Tetra Pak
  • Voltage: 400/230 VOLTS
  • Type of Capper: ROTARY
  • Year: 2004
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Located in: Cyprus

We buy Tetra Pak Tetra Cap Applicator 45 75636/17862 7000 L/HR 5.5 BAR 400/230 VOLTS 50/60 HERTZ 5.4 KW in bulk. Click here to get a free valuation.

Hitachi Noryl Core C40H 154 brand new | Assembly Packaging

  • Serial Number: 154
  • Model: Noryl Core C40H
  • Machinery Weight: 22.05 lb
  • Machinery Dimensions: 32.28 x 7.87 x 7.87 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 Noryl Core C40H 154 brand new in bulk. Click here to get a free valuation.

Blodgett Mark V | Miscellaneous

  • Machinery Weight: 1575 LBS
  • Machinery Dimensions: 44 x 49 x 66 IN
  • Model: Mark V
  • Manufacturer Name: Blodgett
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Forest, VA, USA

We buy Blodgett Mark V in bulk. Click here to get a free valuation.

Westinghouse Max-PE 5 HP 230-460 VOLTS 50/60 HERTZ 11.4 AMPS | Miscellaneous

  • Machinery Dimensions: 19 x 15 x 13 IN
  • Current: 11.4 AMPS
  • Frame: 184TC
  • Horsepower or Kilowatts: 5 HP
  • Model: Max-PE
  • Manufacturer Name: Westinghouse
  • Voltage: 230-460 VOLTS
  • Machinery Weight: 110 LBS
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Located in: Forest, VA, USA

We buy Westinghouse Max-PE 5 HP 230-460 VOLTS 50/60 HERTZ 11.4 AMPS in bulk. Click here to get a free valuation.

HPLC Agilent 1100 System G1947A | Mass Spectrometers

  • Model: G1947A
  • Manufacturer Name: HPLC Agilent 1100 System
  • Located in: North America

We buy HPLC Agilent 1100 System G1947A in bulk. Click here to get a free valuation.

Cole Parmer 77111-60 115 VOLTS 50/60 HERTZ 6.50 AMPS | Miscellaneous

  • Machinery Dimensions: 20 x 32 x 24 IN
  • Current: 6.50 AMPS
  • RPM: 12 to 321
  • Model: 77111-60
  • Manufacturer Name: Cole Parmer
  • Machinery Weight: 175 LBS
  • Voltage: 115 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy Cole Parmer 77111-60 115 VOLTS 50/60 HERTZ 6.50 AMPS in bulk. Click here to get a free valuation.

Glatt CM 400 | Blenders

  • Model: CM 400
  • Type of Blender: TOTE/BIN
  • Manufacturer Name: Glatt
  • Machinery Dimensions: 1 x 1 x 1 IN
  • Machinery Weight: 2.20 lb
  • Located in: Israel

We buy Glatt CM 400 in bulk. Click here to get a free valuation.

Jeol NM12000010 240 VOLTS 50/60 HERTZ | NMR

  • Machinery Dimensions: 8 x 10 x 8 FT
  • Serial Number: NM12000010
  • Manufacturer Name: Jeol
  • Voltage: 240 VOLTS
  • Frequency: 50/60 HERTZ
  • Machinery Weight: 2000 LBS
  • Phase: 3
  • Located in: NJ, USA

We buy Jeol NM12000010 240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Fedegari FOF 4 STEAM HEATED STAINLESS STEEL 3 BAR 380 VOLTS | Horizontal Autoclaves

  • Machinery Dimensions: 62.99 x 57.09 x 80.71 in
  • Pressure Rating (Pressure): 3 BAR
  • Model: FOF 4
  • Temperature Range: 133 DEG C
  • Manufacturer Name: Fedegari
  • Heating or Cooling Source: STEAM HEATED
  • Voltage: 380 VOLTS
  • Year: 1989
  • Material of Construction: STAINLESS STEEL
  • Machinery Weight: 2204.60 lb
  • Located in: Europe

We buy Fedegari FOF 4 STEAM HEATED STAINLESS STEEL 3 BAR 380 VOLTS in bulk. Click here to get a free valuation.

Gericke GST Sack Tip System C 21799-1 STAINLESS STEEL 400 VOLTS 50 HERTZ | Bulk Bag Loader and Unloaders

  • Machinery Dimensions: 122.05 x 43.31 x 61.42 in
  • Removable Grating: YES
  • Model: GST Sack Tip System
  • Serial Number: C 21799-1
  • Manufacturer Name: Gericke
  • Phase: 3+1
  • Voltage: 400 VOLTS
  • Machinery Weight: 1543.22 lb
  • Material of Construction: STAINLESS STEEL
  • Year: 2013
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Located in: United Kingdom

We buy Gericke GST Sack Tip System C 21799-1 STAINLESS STEEL 400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Rohde and Schwarz CMU200 113272 100-240 VOLTS 500 AMPS | Miscellaneous

  • Current: 500 AMPS
  • Model: CMU200
  • Serial Number: 113272
  • Machinery Dimensions: 21 x 19 x 8 IN
  • Manufacturer Name: Rohde and Schwarz
  • Machinery Weight: 41 LBS
  • Recommended Packaging Form: 24C (28X24X22)
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy Rohde and Schwarz CMU200 113272 100-240 VOLTS 500 AMPS in bulk. Click here to get a free valuation.

Applied Materials Inc 0010-26749 26108-2 35-50 LBS 145 PSI | Actuators

  • Serial Number: 26108-2
  • 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 26108-2 35-50 LBS 145 PSI in bulk. Click here to get a free valuation.

hispamec bottle blower | Air Washers/Scrubber

  • Machinery Dimensions: 51.18 x 86.61 x 55.12 in
  • Model: bottle blower
  • Manufacturer Name: hispamec
  • Capacity Speed: 0 CU FT/MIN
  • Machinery Weight: 771.61 lb
  • Year: 1995
  • Located in: Europe

We buy hispamec bottle blower in bulk. Click here to get a free valuation.

Cato ELE 440 551.15 lb 440 VOLTS 50 HERTZ 2.2 KW | Bin Dumpers

  • Machinery Dimensions: 110.24 x 29.53 x 31.50 in
  • Capacity Size: 551.15 lb
  • Serial Number: 440
  • Model: ELE
  • Manufacturer Name: Cato
  • Current: 2.2 KW
  • Voltage: 440 VOLTS
  • Year: 1992
  • Machinery Weight: 551.15 lb
  • Frequency: 50 HERTZ
  • Phase: 3
  • Located in: Spain

We buy Cato ELE 440 551.15 lb 440 VOLTS 50 HERTZ 2.2 KW in bulk. Click here to get a free valuation.

Biacore T100 | Analyzers

  • Machinery Dimensions: 20 x 30 x 45 IN
  • Model: T100
  • Manufacturer Name: Biacore
  • Machinery Weight: 200 LBS
  • Located in: CA, USA

We buy Biacore T100 in bulk. Click here to get a free valuation.

Elliott Tool Technologies M5773-00 | Tools

  • Model: M5773-00
  • Manufacturer Name: Elliott Tool Technologies
  • Machinery Dimensions: 24 x 24 x 40 IN
  • Machinery Weight: 500 Pounds
  • Recommended Packaging Form: CUSTOM
  • Located in: North America

We buy Elliott Tool Technologies M5773-00 in bulk. Click here to get a free valuation.

Hitachi CC40 120019 40,000 rpm 30 AMPS | Laboratory Centrifuges

  • Serial Number: 120019
  • Machinery Weight: 3152.58 lb
  • Machinery Dimensions: 144.09 x 237.01 x 215.75 in
  • Current: 30 AMPS
  • Frequency: 50/60
  • Voltage: AC200, 208, 220, 230, 240 VOLTS
  • Refrigerated: YES
  • Max Speed: 40,000 rpm
  • Model: CC40
  • Manufacturer Name: Hitachi
  • Year: 2002
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Located in: Czech Republic

We buy Hitachi CC40 120019 40,000 rpm 30 AMPS in bulk. Click here to get a free valuation.

Hitachi UA-3150A | Asher

  • Model: UA-3150A
  • Machinery Dimensions: 84 x 60 x 72 IN
  • Year: 1991
  • Manufacturer Name: Hitachi
  • Machinery Weight: 2500 LBS
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy Hitachi UA-3150A in bulk. Click here to get a free valuation.