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

Surplus Machinery

Cole Parmer | Miscellaneous Lab Equipment

  • Manufacturer Name: Cole Parmer
  • Located in: North America

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

Sartorius CP4202S 18450446 4200 G 0.01 G 11-21 VOLTS | Miscellaneous

  • Serial Number: 18450446
  • Platform Dimensions: 7.50'x 8” IN
  • Voltage: 11-21 VOLTS
  • Model: CP4202S
  • Capacity Size: 4200 G
  • Machinery Dimensions: 12 x 12 x 12 IN
  • Degree of Precision: 0.01 G
  • Manufacturer Name: Sartorius
  • Machinery Weight: 25 LBS
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy Sartorius CP4202S 18450446 4200 G 0.01 G 11-21 VOLTS in bulk. Click here to get a free valuation.

Horn and Noack HRP 36E 210000 TPH 0.51 in 380 VOLTS 50/60 HERTZ | Tablet Presses

  • Machinery Dimensions: 59.06 x 43.31 x 74.80 in
  • No. of Stations: 36
  • Maximum capacity (tablets per minute or hour): 210000 TPH
  • Model: HRP 36E
  • Tooling type (IPT, EU, Other): EU
  • Manufacturer Name: Horn and Noack
  • Pre-compression: YES
  • Keyed upper punch bores: YES
  • Maximum tablet diameter: 0.51 in
  • Capacity Size (tooling - 'bb', 'B' or 'D'): BB
  • Year: 1994
  • Machinery Weight: 5511.50 lb
  • Voltage: 380 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Recommended Packaging Form: PALLET
  • Located in: Europe

We buy Horn and Noack HRP 36E 210000 TPH 0.51 in 380 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

BFB MS500 | Overwrappers

  • Machinery Weight: 1796.75 lb
  • Machinery Dimensions: 42.80 x 85.24 x 125.39 in
  • Model: MS500
  • Manufacturer Name: BFB
  • Year: 1999
  • Located in: Europe

We buy BFB MS500 in bulk. Click here to get a free valuation.

VS Tecnologia Industrial Single Screw 300 KG/HR 220/380 VOLTS 60 HERTZ | Single Screw Extruders

  • Machinery Dimensions: 125.98 x 47.24 x 78.74 in
  • Model: Single Screw
  • Manufacturer Name: VS Tecnologia Industrial
  • Capacity Speed: 300 KG/HR
  • Voltage: 220/380 VOLTS
  • Machinery Weight: 881.84 lb
  • Year: 2008
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Brazil

We buy VS Tecnologia Industrial Single Screw 300 KG/HR 220/380 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Reco A/S A-105-1 | Plumbing Parts

  • Machinery Dimensions: 1 x 1.5 x 1 IN
  • Model: A/S A-105-1
  • Manufacturer Name: Reco
  • Machinery Weight: 15 LBS
  • Year: 2008
  • Located in: North America

We buy Reco A/S A-105-1 in bulk. Click here to get a free valuation.

Etavis 220-240 VOLTS 50/60 HERTZ 750 WATTS | Miscellaneous

  • Machinery Dimensions: 10.24 x 10.24 x 15.75 in
  • Manufacturer Name: Etavis
  • Current: 750 WATTS
  • Machinery Weight: 13.23 lb
  • Voltage: 220-240 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 1
  • Located in: Basel, Basel, Switzerland

We buy Etavis 220-240 VOLTS 50/60 HERTZ 750 WATTS in bulk. Click here to get a free valuation.

Domino A300 | Printing or Code Markers

  • Machinery Dimensions: 23.62 x 13.78 x 29.53 in
  • Manufacturer Name: Domino
  • Model: A300
  • Machinery Weight: 220.46 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Domino A300 in bulk. Click here to get a free valuation.

Cermex WB4500 37846 90 PSI WRAP AROUND WRAP AROUND 480 VOLTS 60 HERTZ | Case Packers

  • Machinery Dimensions: 240 x 120 x 98 IN
  • Pack Arrangement: 4 Over 4
  • Case Sealing: HOT MELT GLUE
  • Type of Packer: WRAP AROUND
  • Type of Case: WRAP AROUND
  • Products Run: 6 Count Tubs
  • Model: WB4500
  • Serial Number: 37846
  • Manufacturer Name: Cermex
  • Air Requirements: 90 PSI
  • Year: 2007
  • Voltage: 480 VOLTS
  • Machinery Weight: 2000 LBS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: ON, Canada

We buy Cermex WB4500 37846 90 PSI WRAP AROUND WRAP AROUND 480 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Distek 2100B 2110650, 2143243 115 VOLTS 50/60 HERTZ | Dissolution Systems

  • Machinery Dimensions: 32.68 x 21.65 x 41.34 in
  • Current: 0.5 / 8 AMPS
  • Number of Stations: 6
  • Serial Number: 2110650, 2143243
  • Model: 2100B
  • Machinery Weight: 385.81 lb
  • Manufacturer Name: Distek
  • Voltage: 115 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Distrito Federal, Mexico

We buy Distek 2100B 2110650, 2143243 115 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

T and C Stainless TC6629-1 STAINLESS STEEL 79.28 gal NB 653 350 PSI 60 PSI 0.25/0.30 KW 36 IN 30 IN 48 IN 36 IN 208 VOLTS | Mixing Vessels

  • Country Cert. (Example National Board, CDN, CE Marked): NB 653
  • Serial Number: TC6629-1
  • Machinery Dimensions: 51 x 51 x 62 IN
  • Straight Side: 36 IN
  • Inside Diameter: 30 IN
  • HP or KW: 0.25/0.30 KW
  • Internal Pressure Rating: 350 PSI
  • Manufacturer Name: T and C Stainless
  • Capacity Size of Vessel: 79.28 gal
  • Machinery Weight: 1250 LBS
  • Jacket Pressure Rating: 60 PSI
  • Jacket Temperature Rating: 350 DEG F
  • Type of Top Head: DISHED
  • Outside Diameter: 36 IN
  • Type of Bottom Head: DISHED
  • Overall Height: 48 IN
  • Jacketed: YES
  • Vertical or Horizontal: HORIZONTAL
  • Internal Coils: NO
  • Tank Material of Construction: STAINLESS STEEL
  • Voltage: 208 VOLTS
  • Year: 2007
  • Agitation: NO
  • CE Marked: NO
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Located in: MA, USA

We buy T and C Stainless TC6629-1 STAINLESS STEEL 79.28 gal NB 653 350 PSI 60 PSI 0.25/0.30 KW 36 IN 30 IN 48 IN 36 IN 208 VOLTS in bulk. Click here to get a free valuation.

Prolec 750 KVA | Transformers

  • Machinery Dimensions: 78.74 x 78.74 x 98.43 in
  • KVA: 750
  • Model: 750 KVA
  • Manufacturer Name: Prolec
  • Type of Transformer: DRY
  • Machinery Weight: 4409.20 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Guanajuato, Mexico

We buy Prolec 750 KVA in bulk. Click here to get a free valuation.

JCB 540-170 | Trucks

  • Machinery Weight: 26587.48 lb
  • Machinery Dimensions: 20.87 x 8.01 x 8.83 ft
  • VIN#: JCB5AFRHJ01532378
  • Model: 540-170
  • Manufacturer Name: JCB
  • Fuel Type: DIESEL
  • Year: 2012
  • Located in: Middle East

We buy JCB 540-170 in bulk. Click here to get a free valuation.

Delphax CR 1300 PLUS 230 VOLTS 20 AMPS | Bagger Other

  • Machinery Dimensions: 9.84 x 4.92 x 5.91 ft
  • Recommended Packaging Form: TARIMA
  • Model: CR 1300 PLUS
  • Manufacturer Name: Delphax
  • Frequency: 60
  • Machinery Weight: 661.38 lb
  • CE Marked: DESCONOCIDO
  • Year: 2002
  • Voltage: 230 VOLTS
  • Current: 20 AMPS
  • Phase: 3
  • Located in: Latin America

We buy Delphax CR 1300 PLUS 230 VOLTS 20 AMPS in bulk. Click here to get a free valuation.

Jewett LR55-1B20 Z18R-126685-ZR 120 VOLTS 60 HERTZ 12.3 AMPS | Refrigerators

  • Machinery Dimensions: 59 x 41 x 83 IN
  • Current: 12.3 AMPS
  • Capacity Size: 55 SQ FT
  • Model: LR55-1B20
  • Serial Number: Z18R-126685-ZR
  • Manufacturer Name: Jewett
  • Machinery Weight: 950 LBS
  • Type of Refrigerator: UPRIGHT
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Voltage: 120 VOLTS
  • Frequency: 60 HERTZ
  • Located in: CA, USA

We buy Jewett LR55-1B20 Z18R-126685-ZR 120 VOLTS 60 HERTZ 12.3 AMPS in bulk. Click here to get a free valuation.

Burgess Food Machinery 240 VOLTS 50 HERTZ | Bakery Items

  • Manufacturer Name: Burgess Food Machinery
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Machinery Weight: 0.00 lb
  • Voltage: 240 VOLTS
  • Frequency: 50 HERTZ
  • Phase: 1
  • Located in: Europe

We buy Burgess Food Machinery 240 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Sotax AT 7 Smart 99.2.043; 99.3.094; 99.3.077 115-230 VOLTS 50/60 HERTZ | Dissolution Systems

  • Machinery Dimensions: 62.99 x 23.62 x 23.62 in
  • Model: AT 7 Smart
  • Serial Number: 99.2.043; 99.3.094; 99.3.077
  • Number of Stations: 7
  • Manufacturer Name: Sotax
  • Voltage: 115-230 VOLTS
  • Machinery Weight: 132.28 lb
  • Year: 2000
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Germany

We buy Sotax AT 7 Smart 99.2.043; 99.3.094; 99.3.077 115-230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Getinge 980858 STEAM HEATED STAINLESS STEEL 480 VOLTS 50/60 HERTZ | Autoclaves

  • Machinery Dimensions: 47.24 x 62.99 x 86.61 in
  • Model: 980858
  • Manufacturer Name: Getinge
  • Heating or Cooling Source: STEAM HEATED
  • Material of Construction: STAINLESS STEEL
  • Machinery Weight: 2204.60 lb
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Voltage: 480 VOLTS
  • Year: 1998
  • Phase: 3
  • Located in: Europe

We buy Getinge 980858 STEAM HEATED STAINLESS STEEL 480 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Sorensen DLM20-30M9G 1532A03318,1510A02769 115-230 VOLTS 50/60 HERTZ 714 WATTS | Miscellaneous

  • Serial Number: 1532A03318,1510A02769
  • Machinery Dimensions: 38 x 9 x 2 IN
  • Current: 714 WATTS
  • Model: DLM20-30M9G
  • Manufacturer Name: Sorensen
  • Machinery Weight: 18 LBS
  • Voltage: 115-230 VOLTS
  • Recommended Packaging Form: 19C (22X15X13)
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy Sorensen DLM20-30M9G 1532A03318,1510A02769 115-230 VOLTS 50/60 HERTZ 714 WATTS in bulk. Click here to get a free valuation.

Brooks Automation Inc 001-5370-02 0101-10988 | Wafer Handling

  • Model: 001-5370-02
  • Serial Number: 0101-10988
  • Machinery Dimensions: 36 x 17 x 9 IN
  • Manufacturer Name: Brooks Automation Inc
  • Year: 2003
  • Machinery Weight: 20 LBS
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Brooks Automation Inc 001-5370-02 0101-10988 in bulk. Click here to get a free valuation.

Thermo Scientific iN10 ALJ1401510 | Microscopes

  • Machinery Dimensions: 23.62 x 23.62 x 15.75 in
  • Model: iN10
  • Serial Number: ALJ1401510
  • Manufacturer Name: Thermo Scientific
  • Machinery Weight: 110.23 lb
  • Located in: Belgium

We buy Thermo Scientific iN10 ALJ1401510 in bulk. Click here to get a free valuation.

Siemens 6FC53570BB110AE0 | Printed Circuit Boards

  • Model: 6FC53570BB110AE0
  • Manufacturer Name: Siemens
  • Frequency: HERTZ
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Located in: MI, USA

We buy Siemens 6FC53570BB110AE0 in bulk. Click here to get a free valuation.

Hewlett Packard 79853C | HPLC

  • Model: 79853C
  • Manufacturer Name: Hewlett Packard
  • Located in: North America

We buy Hewlett Packard 79853C in bulk. Click here to get a free valuation.

Osmonics E4H-27K-DLX 07-1200066-01 18.8 GPM 230/460 VOLTS 50/60 HERTZ | Water Purification and Still Systems

  • Machinery Weight: 1750 LBS
  • Machinery Dimensions: 36 x 132 x 62 IN
  • Capacity Details: 200-220psi
  • Capacity Speed: 18.8 GPM
  • Model: E4H-27K-DLX
  • Serial Number: 07-1200066-01
  • Manufacturer Name: Osmonics
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Voltage: 230/460 VOLTS
  • Located in: CA, USA

We buy Osmonics E4H-27K-DLX 07-1200066-01 18.8 GPM 230/460 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

SensiQ Technologies Inc. 400 14120513 50/60 HERTZ | Analytical Equipment

  • Machinery Weight: 142 LBS
  • Machinery Dimensions: 25 x 24 x 22 IN
  • Model: 400
  • Serial Number: 14120513
  • Manufacturer Name: SensiQ Technologies Inc.
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: CA, USA

We buy SensiQ Technologies Inc. 400 14120513 50/60 HERTZ in bulk. Click here to get a free valuation.

Doboy SBF 150 11.5 IN BELT CONVEYOR | Conveyors

  • Belt Size: 11.5 IN
  • Model: SBF 150
  • Manufacturer Name: Doboy
  • Type of Conveyors: BELT CONVEYOR
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Located in: North America

We buy Doboy SBF 150 11.5 IN BELT CONVEYOR in bulk. Click here to get a free valuation.

PECO Facet PPCHG-536-EC | Filters

  • Machinery Dimensions: 5.5 x 5.5 x 36 IN
  • Model: PPCHG-536-EC
  • Manufacturer Name: PECO Facet
  • Machinery Weight: 2 LBS
  • Year: 2008
  • Located in: North America

We buy PECO Facet PPCHG-536-EC in bulk. Click here to get a free valuation.

Risco RS 450 TWIN SCREW 220 VOLTS 60 HERTZ 118.92 gal | Mixers

  • Machinery Dimensions: 82.80 x 44.09 x 1480 in
  • Model: RS 450
  • Manufacturer Name: Risco
  • Type of mixer: TWIN SCREW
  • Machinery Weight: 1124.35 lb
  • Capacity Size: 118.92 gal
  • Year: 1999
  • Voltage: 220 VOLTS
  • Jacketed: NO
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy Risco RS 450 TWIN SCREW 220 VOLTS 60 HERTZ 118.92 gal in bulk. Click here to get a free valuation.

Bertalaso Ambra 60 1993 1997 | Liquid Filling Lines

  • Type of Filler: GRAVITY
  • Model: Ambra 60
  • Year: 1993 1997
  • Manufacturer Name: Bertalaso
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Machinery Weight: 0.00 lb
  • Located in: Europe

We buy Bertalaso Ambra 60 1993 1997 in bulk. Click here to get a free valuation.

Hewlett Packard 54845A US38220146 | Miscellaneous

  • Machinery Weight: 38 Pounds
  • Machinery Dimensions: 18 x 18 x 9 IN
  • Model: 54845A
  • Serial Number: US38220146
  • Manufacturer Name: Hewlett Packard
  • Recommended Packaging Form: 20C (28X20X20)
  • CE Marked: YES
  • Located in: San Jose, CA, USA

We buy Hewlett Packard 54845A US38220146 in bulk. Click here to get a free valuation.

Mazzoni TV | Cutters

  • Machinery Dimensions: 118.11 x 31.50 x 62.99 in
  • Model: TV
  • Manufacturer Name: Mazzoni
  • Machinery Weight: 2094.37 lb
  • Year: 2011
  • Located in: Indonesia

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

Korsch XP1 WIPCON K0010310 220/400 VOLTS 50 HERTZ | Tablet Presses

  • Machinery Dimensions: 90.55 x 66.93 x 102.36 in
  • Model: XP1 WIPCON
  • Serial Number: K0010310
  • Voltage: 220/400 VOLTS
  • No. of Stations: 1
  • Manufacturer Name: Korsch
  • Machinery Weight: 3527.36 lb
  • Phase: 3+1
  • Year: 2015
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Located in: Germany

We buy Korsch XP1 WIPCON K0010310 220/400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Mettler Toledo KB 60 S 1892251 132.28 lb 240 VOLTS 50 HERTZ | Scales

  • Machinery Dimensions: 20.47 x 15.75 x 5.12 in
  • Model: KB 60 S
  • Serial Number: 1892251
  • Platform Dimensions: 500 x 400 in
  • Capacity Size: 132.28 lb
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 44.09 lb
  • Voltage: 240 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Located in: Wales, United Kingdom

We buy Mettler Toledo KB 60 S 1892251 132.28 lb 240 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Sure Torque ST-Lab S707; S705 2.5 AMPS 50/60 HERTZ 100-240 VOLTS | Torque Testers

  • Machinery Dimensions: 40 x 20 x 36 IN
  • Serial Number: S707; S705
  • Model: ST-Lab
  • Manufacturer Name: Sure Torque
  • Current: 2.5 AMPS
  • Machinery Weight: 200 LBS
  • Voltage: 100-240 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Sure Torque ST-Lab S707; S705 2.5 AMPS 50/60 HERTZ 100-240 VOLTS in bulk. Click here to get a free valuation.

Kramer Type 79 5.1081 6 BAR 220 VOLTS 50 HERTZ | Tablet Dedusters

  • Machinery Dimensions: 11.81 x 11.81 x 14.57 in
  • Model: Type 79
  • Serial Number: 5.1081
  • Manufacturer Name: Kramer
  • Year: 1997
  • Machinery Weight: 44.09 lb
  • Air Requirements: 6 BAR
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Phase: 1
  • Located in: Wales, United Kingdom

We buy Kramer Type 79 5.1081 6 BAR 220 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Sybermat 3460 | Syringe Dispensers

  • Model: 3460
  • Manufacturer Name: Sybermat
  • Machinery Dimensions: 98.43 x 59.06 x 70.87 in
  • Machinery Weight: 1763.68 lb
  • Year: 2009
  • Located in: Europe

We buy Sybermat 3460 in bulk. Click here to get a free valuation.

Tonazzi Polycarton REVERSE TUCK 50/60 HERTZ | Horizontal Cartoners

  • Machinery Dimensions: 98.43 x 43.31 x 51.18 in
  • Model: Polycarton
  • Closure: REVERSE TUCK
  • Line Motion: INTERMITTENT
  • Method of Code Dater: NONE
  • Manufacturer Name: Tonazzi
  • Product Loading: MANUAL
  • Product Handling: HORIZONTAL
  • Machinery Weight: 1102.30 lb
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Europe

We buy Tonazzi Polycarton REVERSE TUCK 50/60 HERTZ in bulk. Click here to get a free valuation.

Getinge 121415ARB2 30523 WATER HEATED STAINLESS STEEL 0 IN 460 VOLTS 60 HERTZ | Horizontal Autoclaves

  • Machinery Dimensions: 122 x 74 x 91 IN
  • Chamber Dimensions: 0 IN
  • Heating or Cooling Source: WATER HEATED
  • Model: 121415ARB2
  • Serial Number: 30523
  • Manufacturer Name: Getinge
  • Machinery Weight: 4500 LBS
  • Year: 1997
  • Voltage: 460 VOLTS
  • Material of Construction: STAINLESS STEEL
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy Getinge 121415ARB2 30523 WATER HEATED STAINLESS STEEL 0 IN 460 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Merlin Medical MC4 07B10075 | Miscellaneous

  • Machinery Dimensions: 17.72 x 19.69 x 7.87 in
  • Model: MC4
  • Serial Number: 07B10075
  • Manufacturer Name: Merlin Medical
  • Machinery Weight: 22.05 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Located in: Bridgend , Wales, United Kingdom

We buy Merlin Medical MC4 07B10075 in bulk. Click here to get a free valuation.

Creamery Package Manufacturing KA110-2730 KA110-2730 230 VOLTS 60 HERTZ 35 AMPS 6 BAR | Food Equipment

  • Serial Number: KA110-2730
  • Machinery Dimensions: 3.28 x 5.91 x 2.23 ft
  • Model: KA110-2730
  • Manufacturer Name: Creamery Package Manufacturing
  • Current: 35 AMPS
  • Year: 2014
  • Air Requirements: 6 BAR
  • Machinery Weight: 2204.60 lb
  • Voltage: 230 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Nicaragua

We buy Creamery Package Manufacturing KA110-2730 KA110-2730 230 VOLTS 60 HERTZ 35 AMPS 6 BAR in bulk. Click here to get a free valuation.