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

Surplus Machinery

Kokusai Electric DD-803V H2 ANNEAL | Diffusion Furnace

  • Process Capability: H2 ANNEAL
  • Model: DD-803V
  • Machinery Dimensions: 108 x 72 x 156 IN
  • Manufacturer Name: Kokusai Electric
  • Machinery Weight: 3500 LBS
  • Year: 1991
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy Kokusai Electric DD-803V H2 ANNEAL in bulk. Click here to get a free valuation.

Fette 1200i 216000 TPH 0.71 in 0.87 in | Tablet Presses

  • Machinery Weight: 5518.11 lb
  • Machinery Dimensions: 114.17 x 45.67 x 73.82 in
  • Maximum depth of fill: 0.87 in
  • Maximum tablet diameter: 0.71 in
  • Capacity Size (tooling - 'bb', 'B' or 'D'): 5mg, 10mg, 20mg, 60mg
  • Maximum capacity (tablets per minute or hour): 216000 TPH
  • No. of Stations: 30
  • Model: 1200i
  • Tooling type (IPT, EU, Other): EU
  • Manufacturer Name: Fette
  • Pre-compression: YES
  • Keyed upper punch bores: YES
  • Year: 2006
  • Recommended Packaging Form: CRATE
  • CE Marked: YES
  • Located in: Sao Paulo, Brazil

We buy Fette 1200i 216000 TPH 0.71 in 0.87 in in bulk. Click here to get a free valuation.

Firlabo BCR120 204724 230 VOLTS 50 HERTZ 750 WATTS | Incubators

  • Serial Number: 204724
  • Machinery Dimensions: 25.59 x 25.59 x 39.37 in
  • Current: 750 WATTS
  • Model: BCR120
  • Manufacturer Name: Firlabo
  • Year: 2000
  • Voltage: 230 VOLTS
  • Machinery Weight: 198.41 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Located in: Switzerland

We buy Firlabo BCR120 204724 230 VOLTS 50 HERTZ 750 WATTS in bulk. Click here to get a free valuation.

Krones Rotina 60 LPM 90 PSI 220 VOLTS 60 HERTZ | Labelers

  • Machinery Dimensions: 50 x 30 x 60 IN
  • Label Speed: 60 LPM
  • Model: Rotina
  • Manufacturer Name: Krones
  • Location of Labels on Product: wrap
  • Application Type: WRAP
  • Air Requirements: 90 PSI
  • Machinery Weight: 1000 LBS
  • Products Run: Bottles
  • Number of Labeling Heads: 1
  • Type of Labeler: INLINE
  • Voltage: 220 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy Krones Rotina 60 LPM 90 PSI 220 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

ACE World Companies C13-000013 45 FT 10 TONS | Miscellaneous

  • Serial Number: C13-000013
  • Machinery Dimensions: 45 x 7 x 5 FT
  • Capacity Size: 10 TONS
  • Span width: 45 FT
  • Lift Style: ELECTRIC
  • Manufacturer Name: ACE World Companies
  • Machinery Weight: 5000 LBS
  • Located in: Skull Valley, UT, USA

We buy ACE World Companies C13-000013 45 FT 10 TONS in bulk. Click here to get a free valuation.

Hanson Research Autoplus 1002111 220 VOLTS 50 HERTZ | Dissolution Systems

  • Machinery Dimensions: 55.51 x 9.45 x 15.35 in
  • Model: Autoplus
  • Serial Number: 1002111
  • Manufacturer Name: Hanson Research
  • Machinery Weight: 79.37 lb
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Phase: 1
  • Located in: Germany

We buy Hanson Research Autoplus 1002111 220 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Wilo IL50/210-11/2 20797547/0002, 207841168/0002 2930 RPM 1.97 in 1.97 in CAST IRON 11 KW 690/400 VOLTS 50 HERTZ 19.8 AMPS | Centrifugal Pumps

  • Serial Number: 20797547/0002, 207841168/0002
  • Machinery Dimensions: 33.86 x 14.96 x 34.65 in
  • Current: 19.8 AMPS
  • Horsepower: 11 KW
  • Outlet Size: 1.97 in
  • Inlet Size: 1.97 in
  • Model: IL50/210-11/2
  • Voltage: 690/400 VOLTS
  • Manufacturer Name: Wilo
  • Material of Construction: CAST IRON
  • Capacity Speed: 2930 RPM
  • Machinery Weight: 1102.30 lb
  • Year: 2011
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Greece

We buy Wilo IL50/210-11/2 20797547/0002, 207841168/0002 2930 RPM 1.97 in 1.97 in CAST IRON 11 KW 690/400 VOLTS 50 HERTZ 19.8 AMPS in bulk. Click here to get a free valuation.

Waters 2695 | Chromatography

  • Manufacturer Name: Waters
  • Model: 2695
  • Machinery Dimensions: 48 x 48 x 48 IN
  • Machinery Weight: 300 LBS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Waters 2695 in bulk. Click here to get a free valuation.

Busch NP0250.ALL6.000B U080601108 | Miscellaneous

  • Serial Number: U080601108
  • Model: NP0250.ALL6.000B
  • Machinery Weight: 900 LBS
  • Machinery Dimensions: 68 x 36 x 66 IN
  • Manufacturer Name: Busch
  • Located in: Skull Valley, UT, USA

We buy Busch NP0250.ALL6.000B U080601108 in bulk. Click here to get a free valuation.

CP Food Machinery Long Slicer | Slicers

  • Model: Long Slicer
  • Manufacturer Name: CP Food Machinery
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Machinery Weight: 0.00 lb
  • Located in: Europe

We buy CP Food Machinery Long Slicer in bulk. Click here to get a free valuation.

Hoppmann Corporation 8 CC 110 VOLTS 60 HERTZ | Escalators/Elevators

  • Machinery Dimensions: 96 x 60 x 84 IN
  • Capacity Details: UNCRATED/LOOSE
  • Capacity Size: 8 CC
  • Manufacturer Name: Hoppmann Corporation
  • Voltage: 110 VOLTS
  • Machinery Weight: 1500 LBS
  • Phase: 1
  • Recommended Packaging Form: CUSTOM PALLET
  • Frequency: 60 HERTZ
  • Located in: North America

We buy Hoppmann Corporation 8 CC 110 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

BloApCo 3CAX-2558H 901257 480 VOLTS | Shredders

  • Serial Number: 901257
  • Model: 3CAX-2558H
  • Machinery Dimensions: 11 x 10 x 7 FT
  • Manufacturer Name: BloApCo
  • Machinery Weight: 1500 LBS
  • Voltage: 480 VOLTS
  • Located in: LA, USA

We buy BloApCo 3CAX-2558H 901257 480 VOLTS in bulk. Click here to get a free valuation.

Kramer and Grebe Wolf 114 | Food Grinders

  • Model: Wolf 114
  • Manufacturer Name: Kramer and Grebe
  • Machinery Dimensions: 39.37 x 39.37 x 55.12 in
  • Machinery Weight: 606.27 lb
  • Located in: Europe

We buy Kramer and Grebe Wolf 114 in bulk. Click here to get a free valuation.

Edwards 18 | Miscellaneous Lab Equipment

  • Model: 18
  • Manufacturer Name: Edwards
  • Located in: North America

We buy Edwards 18 in bulk. Click here to get a free valuation.

Mc Quay OP-0761-02 E082AV600APDH5HE 1775 RPM 230/460 VOLTS 60 HERTZ 136/68 AMPS | Air Handlers

  • Machinery Dimensions: 346.46 x 137.80 x 114.17 in
  • Current: 136/68 AMPS
  • Capacity Speed: 1775 RPM
  • Model: OP-0761-02
  • Serial Number: E082AV600APDH5HE
  • Manufacturer Name: Mc Quay
  • Machinery Weight: 6613.80 lb
  • Capacity Size: lb
  • Year: 2008
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Voltage: 230/460 VOLTS
  • Located in: Mexico

We buy Mc Quay OP-0761-02 E082AV600APDH5HE 1775 RPM 230/460 VOLTS 60 HERTZ 136/68 AMPS in bulk. Click here to get a free valuation.

Cato EMC 106 37 AMPS 50 HERTZ 380 VOLTS STAINLESS STEEL | Stuffers

  • Machinery Weight: 2248.69 lb
  • Machinery Dimensions: 49.21 x 49.21 x 88.58 in
  • Model: EMC 106
  • Current: 37 AMPS
  • Manufacturer Name: Cato
  • Voltage: 380 VOLTS
  • Material of Construction: STAINLESS STEEL
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Spain

We buy Cato EMC 106 37 AMPS 50 HERTZ 380 VOLTS STAINLESS STEEL in bulk. Click here to get a free valuation.

Thermo Fisher Scientific GPR Series MR5PA-SEEE-TS 115 VOLTS 50/60 HERTZ | Refrigerators

  • Machinery Dimensions: 64 x 32 x 40 IN
  • Model: GPR Series
  • Serial Number: MR5PA-SEEE-TS
  • Manufacturer Name: Thermo Fisher Scientific
  • Machinery Weight: 400 LBS
  • Voltage: 115 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: MA, USA

We buy Thermo Fisher Scientific GPR Series MR5PA-SEEE-TS 115 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Flanders HP G-1 IR S597 | Water Purification and Still Systems

  • Machinery Dimensions: 34 x 24 x 36 IN
  • Model: HP G-1 IR
  • Serial Number: S597
  • Manufacturer Name: Flanders
  • Machinery Weight: 220 LBS
  • Year: 1995
  • CE Marked: NO
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Flanders HP G-1 IR S597 in bulk. Click here to get a free valuation.

Kaeser BSV 100 1000149 400 VOLTS 50 HERTZ | Rotary Screw Compressors

  • Machinery Dimensions: 70.87 x 51.18 x 55.12 in
  • Capacity Size: 10.4 CU M
  • Serial Number: 1000149
  • Model: BSV 100
  • Hours: 22,740
  • Manufacturer Name: Kaeser
  • Produce Being Compressed: Air
  • Year: 1997
  • Machinery Weight: 1587.31 lb
  • Voltage: 400 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Lancashire, United Kingdom

We buy Kaeser BSV 100 1000149 400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Tekmar Dohrmann 3000 - ARCHON | Concentrators

  • Machinery Dimensions: 20 x 21.5 x 17 IN
  • Model: 3000 - ARCHON
  • Manufacturer Name: Tekmar Dohrmann
  • Machinery Weight: 80 LBS
  • Located in: North America

We buy Tekmar Dohrmann 3000 - ARCHON in bulk. Click here to get a free valuation.

IMA Zanasi ZANPLUS 48F PD 1007 48000 CPH 400 VOLTS 60 HERTZ 25 AMPS | Encapsulation Machines and Capsule Fillers

  • Machinery Weight: 2425.06 lb
  • Machinery Dimensions: 4 x 5 x 6 FT
  • Capacity Speed: 48000 CPH
  • Serial Number: PD 1007
  • Model: ZANPLUS 48F
  • Manufacturer Name: IMA Zanasi
  • Current: 25 AMPS
  • Year: 2004
  • Voltage: 400 VOLTS
  • Recommended Packaging Form: CRATE
  • CE Marked: YES
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: ON, Canada

We buy IMA Zanasi ZANPLUS 48F PD 1007 48000 CPH 400 VOLTS 60 HERTZ 25 AMPS in bulk. Click here to get a free valuation.

Buchi Glas Uster kiloclave type 3 STAINLESS STEEL 10 BAR 5.29 gal ELECTRICALLY HEATED 220 VOLTS 50/60 HERTZ | Vertical Stirred Autoclaves

  • Machinery Dimensions: 28.74 x 28.74 x 70.87 in
  • Capacity Size: 5.29 gal
  • Pressure Rating (Temperature): 250 DEG C
  • Model: kiloclave type 3
  • Manufacturer Name: Buchi Glas Uster
  • Heating or Cooling Source: ELECTRICALLY HEATED
  • Pressure Rating (Pressure): 10 BAR
  • Material of Construction: STAINLESS STEEL
  • Machinery Weight: 110.23 lb
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Spanien, Spain

We buy Buchi Glas Uster kiloclave type 3 STAINLESS STEEL 10 BAR 5.29 gal ELECTRICALLY HEATED 220 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

CTC Analytics SFM 180026 | Liquid Handlers

  • Machinery Dimensions: 47 x 29 x 26 IN
  • Model: SFM
  • Serial Number: 180026
  • Manufacturer Name: CTC Analytics
  • Machinery Weight: 76 LBS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: CA, USA

We buy CTC Analytics SFM 180026 in bulk. Click here to get a free valuation.

Agilent Technologies G5400A SGS10BCL13201 100-240 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Weight: 44.09 lb
  • Machinery Dimensions: 19.69 x 11.81 x 27.56 in
  • Serial Number: SGS10BCL13201
  • Model: G5400A
  • Manufacturer Name: Agilent Technologies
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Bridgend , Wales, United Kingdom

We buy Agilent Technologies G5400A SGS10BCL13201 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Fedegari FOF1/A STEAM HEATED STAINLESS STEEL | Autoclaves

  • Machinery Weight: 4012.37 lb
  • Machinery Dimensions: 320 x 180 x 250 IN
  • Model: FOF1/A
  • Manufacturer Name: Fedegari
  • Heating or Cooling Source: STEAM HEATED
  • Year: 2016
  • Material of Construction: STAINLESS STEEL
  • CE Marked: YES
  • Located in: Middle East

We buy Fedegari FOF1/A STEAM HEATED STAINLESS STEEL in bulk. Click here to get a free valuation.

Rohde and Schwarz WSSCU-2X2 100772 | Miscellaneous

  • Machinery Dimensions: 25 x 19 x 8 IN
  • Model: WSSCU-2X2
  • Serial Number: 100772
  • Manufacturer Name: Rohde and Schwarz
  • Machinery Weight: 50 Pounds
  • Recommended Packaging Form: 24C (28X24X22)
  • CE Marked: YES
  • Located in: San Jose, CA, USA

We buy Rohde and Schwarz WSSCU-2X2 100772 in bulk. Click here to get a free valuation.

Lab Tech H150-1000 Series | Miscellaneous Lab Equipment

  • Model: H150-1000 Series
  • Manufacturer Name: Lab Tech
  • Located in: North America

We buy Lab Tech H150-1000 Series in bulk. Click here to get a free valuation.

Mesal Maquinas Institucional ER70PM1 12245 | Bottle Rinsers

  • Machinery Dimensions: 165.35 x 129.92 x 76.77 in
  • Model: ER70PM1
  • Serial Number: 12245
  • Manufacturer Name: Mesal Maquinas Institucional
  • Frequency: HERTZ
  • Voltage: VOLTS
  • Year: 2014
  • Machinery Weight: 4409.20 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Tocancipá, Colombia

We buy Mesal Maquinas Institucional ER70PM1 12245 in bulk. Click here to get a free valuation.

Stedi Pac A-010 8014 208 VOLTS 60 HERTZ | Vertical Form Fill Seal Machines

  • Machinery Weight: 900 Pounds
  • Machinery Dimensions: 72 x 56 x 74 IN
  • Serial Number: 8014
  • Model: A-010
  • Manufacturer Name: Stedi Pac
  • Voltage: 208 VOLTS
  • Frequency: 60 HERTZ
  • Located in: NY, USA

We buy Stedi Pac A-010 8014 208 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Salvis Lab TC 40 S STAINLESS STEEL 340x380x360 in 230 VOLTS | Miscellaneous

  • Machinery Dimensions: 19.69 x 23.62 x 21.65 in
  • Chamber Dimensions: 340x380x360 in
  • Model: TC 40 S
  • Manufacturer Name: Salvis Lab
  • Temperature Range: 200 DEG C
  • Machinery Weight: 44.09 lb
  • Material of Construction: STAINLESS STEEL
  • Voltage: 230 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Located in: Bridgend , Wales, United Kingdom

We buy Salvis Lab TC 40 S STAINLESS STEEL 340x380x360 in 230 VOLTS in bulk. Click here to get a free valuation.

National Instruments Co USB-6363 X Series 174653B 30 WATTS | Miscellaneous

  • Serial Number: 174653B
  • Machinery Dimensions: 8 x 7 x 2 IN
  • Current: 30 WATTS
  • Voltage: 11-30 DC VOLTS
  • Model: USB-6363 X Series
  • Manufacturer Name: National Instruments Co
  • Machinery Weight: 1 LBS
  • Recommended Packaging Form: 12C (12X12X12)
  • CE Marked: YES
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy National Instruments Co USB-6363 X Series 174653B 30 WATTS in bulk. Click here to get a free valuation.

Minipack Torre TUNNEL 50 TWIN unknown BAR 380 VOLTS 4,5-20 AMPS | Wrappers/Overwrappers/Bundlers

  • Machinery Dimensions: 157.48 x 39.37 x 62.99 in
  • Current: 4,5-20 AMPS
  • Wrapped Packages/Minute: Output 40 pcs/min
  • Single/Multipack: multi
  • Packages/Minutes: Output 40 pcs/min
  • Capacity Details: Max product dimensions 400x550x160 h mm
  • Products Run: Max product dimensions 400x550x160 h mm
  • Product Sizing: Max product dimensions 400x550x160 h mm
  • Capacity Speed: Output 40 pcs/min CU FT/MIN
  • Model: TUNNEL 50 TWIN
  • Capacity Size: Max product dimensions 400x550x160 h mm SQ FT
  • Manufacturer Name: Minipack Torre
  • Wrapping Method: SHRINK
  • Film Type: SUPPORTED
  • Film: PLAIN
  • Air Requirements: unknown BAR
  • Frequency: 50/60
  • Voltage: 380 VOLTS
  • Machinery Weight: 2204.60 lb
  • Year: 2005
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy Minipack Torre TUNNEL 50 TWIN unknown BAR 380 VOLTS 4,5-20 AMPS in bulk. Click here to get a free valuation.

IWKA TZ 102 | Tray Loaders

  • Products Run: tubes
  • Model: TZ 102
  • Manufacturer Name: IWKA
  • Machinery Dimensions: 118.11 x 51.18 x 78.74 in
  • Machinery Weight: 1763.68 lb
  • Year: 1989
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy IWKA TZ 102 in bulk. Click here to get a free valuation.

Steammaster Four-20 4756 380 VOLTS 12 KG/CM2 | Boilers

  • Pressure Rating (Temperature): 187 DEG C
  • Pressure Rating (Pressure): 12 KG/CM2
  • Model: Four-20
  • Serial Number: 4756
  • Manufacturer Name: Steammaster
  • Fuel Type: GAS & OIL
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Machinery Weight: 0.00 lb
  • Boiler Type: STEAM
  • Voltage: 380 VOLTS
  • Year: 2007
  • Located in: SP, Brazil

We buy Steammaster Four-20 4756 380 VOLTS 12 KG/CM2 in bulk. Click here to get a free valuation.

Ryobi 3304 H 220 VOLTS 14 AMPS | Printers

  • Machinery Dimensions: 26.25 x 4.92 x 6.56 ft
  • Model: 3304 H
  • Manufacturer Name: Ryobi
  • Current: 14 AMPS
  • Machinery Weight: 606.27 lb
  • Frequency: 60
  • Year: 2000
  • Voltage: 220 VOLTS
  • Phase: 3
  • Located in: Latin America

We buy Ryobi 3304 H 220 VOLTS 14 AMPS in bulk. Click here to get a free valuation.

Fabcar G60 60 CPM 380 VOLTS 50 HERTZ | Overwrappers

  • Machinery Dimensions: 92.52 x 46.65 x 66.93 in
  • Manufacturer Name: Fabcar
  • Model: G60
  • Capacity Speed: 60 CPM
  • Machinery Weight: 2976.21 lb
  • Voltage: 380 VOLTS
  • Year: 1989
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Fabcar G60 60 CPM 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Kallfass KC 5050 / 400 220 VOLTS 50 HERTZ | L Bar Sealers

  • Machinery Dimensions: 39.37 x 114.17 x 48.43 in
  • Current: 15
  • Model: KC 5050 / 400
  • Manufacturer Name: Kallfass
  • Year: 1984
  • Machinery Weight: 400 LBS
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Europe

We buy Kallfass KC 5050 / 400 220 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Cryovac CJ50 60 CPM 50/60 HERTZ | Wrappers/Overwrappers/Bundlers

  • Machinery Dimensions: 194.88 x 57.09 x 77.95 in
  • Model: CJ50
  • Manufacturer Name: Cryovac
  • Capacity Speed: 60 CPM
  • Year: 1994
  • Machinery Weight: 2645.52 lb
  • Frequency: 50/60 HERTZ
  • Located in: East Asia/Pacific

We buy Cryovac CJ50 60 CPM 50/60 HERTZ in bulk. Click here to get a free valuation.

Flexicon SPL10X 440.92 lb | Scales

  • Model: SPL10X
  • Manufacturer Name: Flexicon
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Capacity Size: 440.92 lb
  • Machinery Weight: 2204.60 lb
  • Year: 2006
  • CE Marked: YES
  • Located in: Europe

We buy Flexicon SPL10X 440.92 lb in bulk. Click here to get a free valuation.

ICA SIN 5100 C 1510F1600024 220 VOLTS 50 HERTZ | IT Equipment

  • Model: SIN 5100 C
  • Serial Number: 1510F1600024
  • Manufacturer Name: ICA
  • Machinery Dimensions: 19.69 x 11.81 x 19.69 in
  • Machinery Weight: 551.15 lb
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Phase: 1
  • Located in: Medan, Indonesia

We buy ICA SIN 5100 C 1510F1600024 220 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.