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

Surplus Machinery

Modern Welding 10852 STAINLESS STEEL 2000 GALS 100 PSI 150 PSI 98 IN | Reactors

  • Straight Side: 98 IN
  • Jacket Temperature Rating: 500 DEG F
  • Internal Temperature Rating: 500 DEG F
  • Country Cert. (Example National Board, CDN, CE Marked): 6989
  • Serial Number: 10852
  • Manufacturer Name: Modern Welding
  • Machinery Dimensions: 180 x 84 x 84 IN
  • Capacity of Reactor: 2000 GALS
  • Machinery Weight: 9000 LBS
  • Jacket Pressure Rating: 150 PSI
  • Grade of Stainless Steel: 316L
  • Internal Pressure Rating: 100 PSI
  • Full Vacuum: YES
  • Agitation: YES
  • Reactor Material of Construction: STAINLESS STEEL
  • Year: 1988
  • Located in: TX, USA

We buy Modern Welding 10852 STAINLESS STEEL 2000 GALS 100 PSI 150 PSI 98 IN in bulk. Click here to get a free valuation.

Fanuc LR Mate 200iB-5C R05513171 | Miscellaneous

  • Machinery Dimensions: 55 x 34 x 56 IN
  • Serial Number: R05513171
  • Model: LR Mate 200iB-5C
  • Manufacturer Name: Fanuc
  • Machinery Weight: 600 LBS
  • Year: 2005
  • CE Marked: NO
  • Located in: Forest, VA, USA

We buy Fanuc LR Mate 200iB-5C R05513171 in bulk. Click here to get a free valuation.

Applied Biosystems 261000495 230 VOLTS 50/60 HERTZ | Analyzers

  • Machinery Dimensions: 19.69 x 23.62 x 11.81 in
  • Serial Number: 261000495
  • Type: CHEMISTRY
  • Machinery Weight: 44.09 lb
  • Year: 2004
  • Voltage: 230 VOLTS
  • Manufacturer Name: Applied Biosystems
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Antwerpen, Belgium

We buy Applied Biosystems 261000495 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Fristam FPX 1742-90 480 VOLTS | Sanitary Pumps

  • Machinery Dimensions: 39 x 28 x 22 IN
  • Model: FPX 1742-90
  • Manufacturer Name: Fristam
  • Machinery Weight: 500 LBS
  • Voltage: 480 VOLTS
  • Phase: 3
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Fristam FPX 1742-90 480 VOLTS in bulk. Click here to get a free valuation.

Wix Filters 51657 | Filters

  • Machinery Dimensions: 4.5 x 4.5 x 16 IN
  • Model: 51657
  • Manufacturer Name: Wix Filters
  • Machinery Weight: 1 LBS
  • Year: 2008
  • Located in: North America

We buy Wix Filters 51657 in bulk. Click here to get a free valuation.

Sullair SRL 1000 02250169-447 3933330001 460 VOLTS 50 AMPS 50/60 HERTZ | Air Dryers

  • Machinery Dimensions: 2.83 x 1.89 x 2.36 in
  • Model: SRL 1000 02250169-447
  • Serial Number: 3933330001
  • Manufacturer Name: Sullair
  • Current: 50 AMPS
  • Machinery Weight: 3306.90 lb
  • Year: 2010
  • Voltage: 460 VOLTS
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 3
  • Located in: Distrito Nacional, Dominican Republic

We buy Sullair SRL 1000 02250169-447 3933330001 460 VOLTS 50 AMPS 50/60 HERTZ in bulk. Click here to get a free valuation.

Bauerle Multipli 382 UNKNOWN lb 30000 BPH 50/60 HERTZ | Tray Formers

  • Machinery Weight: 265 LBS
  • Machinery Dimensions: 40 x 23 x 15 IN
  • Corner Style: LOCK
  • Capacity Speed: 30000 BPH
  • Capacity Size: UNKNOWN lb
  • Model: Multipli 382
  • Manufacturer Name: Bauerle
  • Frequency: 50/60 HERTZ
  • Located in: Europe

We buy Bauerle Multipli 382 UNKNOWN lb 30000 BPH 50/60 HERTZ in bulk. Click here to get a free valuation.

Antico Olindo E Cesare Srl AFE e 2 STAINLESS STEEL 80 GALS | Reactors

  • Machinery Dimensions: 35.43 x 35.43 x 51.18 in
  • Capacity of Reactor: 80 GALS
  • Model: AFE e 2
  • Manufacturer Name: Antico Olindo E Cesare Srl
  • Reactor Material of Construction: STAINLESS STEEL
  • Machinery Weight: 300 LBS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Europe

We buy Antico Olindo E Cesare Srl AFE e 2 STAINLESS STEEL 80 GALS in bulk. Click here to get a free valuation.

LANDIS CINCINNATI RK SERIES 350-20 CENTERLESS GRINDING MACHINE RK Series 350-20 65 AMPS 60 HERTZ 480 VOLTS | Grinders

  • Machinery Dimensions: 192 x 93 x 103 IN
  • Model: RK Series 350-20
  • Current: 65 AMPS
  • Manufacturer Name: LANDIS CINCINNATI RK SERIES 350-20 CENTERLESS GRINDING MACHINE
  • Machinery Weight: 14000 LBS
  • Number of heads: 1
  • Year: 2005
  • Voltage: 480 VOLTS
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy LANDIS CINCINNATI RK SERIES 350-20 CENTERLESS GRINDING MACHINE RK Series 350-20 65 AMPS 60 HERTZ 480 VOLTS in bulk. Click here to get a free valuation.

Unknown unknown | Depositors

  • Machinery Dimensions: 32.28 x 27.56 x 60.24 in
  • Machinery Weight: 242.51 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

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

HPLC Agilent 1100 System 79856A | HPLC

  • Model: 79856A
  • Manufacturer Name: HPLC Agilent 1100 System
  • Located in: North America

We buy HPLC Agilent 1100 System 79856A in bulk. Click here to get a free valuation.

Dionex AC2 | Ion Chromatography

  • Model: AC2
  • Manufacturer Name: Dionex
  • Located in: North America

We buy Dionex AC2 in bulk. Click here to get a free valuation.

Enteco E6 | Trucks

  • Machinery Weight: 18077.72 lb
  • Machinery Dimensions: 16.40 x 10.83 x 9.84 ft
  • Engine: VM Motori SUN 4105T 4 Cylinders aircooled diesel.
  • VIN#: 5173
  • Model: E6
  • Manufacturer Name: Enteco
  • Fuel Type: DIESEL
  • Year: 1994
  • Located in: Middle East

We buy Enteco E6 in bulk. Click here to get a free valuation.

Solid Steel Kft. UNL-13-019-TET 230 VOLTS 50 HERTZ | Unscramblers

  • Machinery Dimensions: 59.06 x 126.77 x 121.26 in
  • Serial Number: UNL-13-019-TET
  • Manufacturer Name: Solid Steel Kft.
  • Machinery Weight: 1322.76 lb
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • Phase: 1
  • Located in: Hungary

We buy Solid Steel Kft. UNL-13-019-TET 230 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Xcellerex XDM-Q-1000-S 30346-30 264.26 gal | Mixers

  • Serial Number: 30346-30
  • Model: XDM-Q-1000-S
  • Machinery Dimensions: 59.06 x 47.24 x 59.06 in
  • Manufacturer Name: Xcellerex
  • Capacity Size: 264.26 gal
  • Machinery Weight: 374.78 lb
  • Located in: Switzerland

We buy Xcellerex XDM-Q-1000-S 30346-30 264.26 gal in bulk. Click here to get a free valuation.

Fette P2000 258000 TPH 0.51 in 0.71 in 380 VOLTS 50 HERTZ 15 AMPS | Tablet Presses

  • Machinery Dimensions: 45.47 x 51.38 x 80.12 in
  • Maximum capacity (tablets per minute or hour): 258000 TPH
  • No. of Stations: 43
  • Model: P2000
  • Maximum depth of fill: 0.71 in
  • Tooling type (IPT, EU, Other): EU
  • Manufacturer Name: Fette
  • Pre-compression: YES
  • Keyed upper punch bores: YES
  • Maximum tablet diameter: 0.51 in
  • Capacity Size (tooling - 'bb', 'B' or 'D'): BB
  • Year: 1993
  • Machinery Weight: 5511.50 lb
  • Voltage: 380 VOLTS
  • Current: 15 AMPS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy Fette P2000 258000 TPH 0.51 in 0.71 in 380 VOLTS 50 HERTZ 15 AMPS in bulk. Click here to get a free valuation.

Agilent Technologies 6890N US10245003, CN23126493, CN23721834 230 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Weight: 462.97 lb
  • Machinery Dimensions: 70.87 x 35.43 x 37.40 in
  • Serial Number: US10245003, CN23126493, CN23721834
  • Model: 6890N
  • Manufacturer Name: Agilent Technologies
  • Year: 2002
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Agilent Technologies 6890N US10245003, CN23126493, CN23721834 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

IMA CMP BA 380 VOLTS 50 HERTZ | Miscellaneous Packaging Equipment

  • Machinery Dimensions: 251.97 x 66.93 x 70.87 in
  • Model: CMP BA
  • Manufacturer Name: IMA
  • Machinery Weight: 3306.90 lb
  • Voltage: 380 VOLTS
  • Year: 2006
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy IMA CMP BA 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Busch NP0250.ALL6.000B U131800081 | Miscellaneous

  • Serial Number: U131800081
  • Machinery Dimensions: 70 x 60 x 94 IN
  • Model: NP0250.ALL6.000B
  • Manufacturer Name: Busch
  • Machinery Weight: 1500 LBS
  • Located in: Skull Valley, UT, USA

We buy Busch NP0250.ALL6.000B U131800081 in bulk. Click here to get a free valuation.

Rytec Corporation Rapid Plastic Rolling Doors 0000203-010 104 IN 108 IN | Doors

  • Machinery Dimensions: 84 x 18 x 18 IN
  • Door Opening Width: 108 IN
  • Door Opening Height: 104 IN
  • Serial Number: 0000203-010
  • Manufacturer Name: Rytec Corporation
  • Door MOC: PVC/VINYL
  • Door Operation: ELECTRIC
  • Model: Rapid Plastic Rolling Doors
  • Machinery Weight: 250 LBS
  • Recommended Packaging Form: CUSTOM
  • Located in: PR, USA

We buy Rytec Corporation Rapid Plastic Rolling Doors 0000203-010 104 IN 108 IN in bulk. Click here to get a free valuation.

Hong Hui Machinery Co. Ltd HH-668-10-P-S 7 BAR 380 VOLTS 108 AMPS | Sand / Bead Blasters

  • Machinery Weight: 112434.60 lb
  • Machinery Dimensions: 29.53 x 22.97 x 29.53 ft
  • Current: 108 AMPS
  • Model: HH-668-10-P-S
  • Capacity Size: 51 SQ FT
  • Manufacturer Name: Hong Hui Machinery Co. Ltd
  • Heating Cooling Requirements: No
  • Air Requirements: 7 BAR
  • Voltage: 380 VOLTS
  • CE Marked: YES
  • Year: 2012
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Hong Hui Machinery Co. Ltd HH-668-10-P-S 7 BAR 380 VOLTS 108 AMPS in bulk. Click here to get a free valuation.

Aczet Pvt.Ltd. CZ 3001 | Balances

  • Model: CZ 3001
  • Manufacturer Name: Aczet Pvt.Ltd.
  • Located in: North America

We buy Aczet Pvt.Ltd. CZ 3001 in bulk. Click here to get a free valuation.

Leapion LF-PE CARBON STEEL 15000 KW 120 METERS/MIN 220 VOLTS 50 HERTZ 15000 KW | Cutters

  • Machinery Dimensions: 32.81 x 9.84 x 6.56 ft
  • Current: 15000 KW
  • Capacity Speed: 120 METERS/MIN
  • Type of Blade: NONE
  • Capacity: 15000 KW
  • Model: LF-PE
  • Manufacturer Name: Leapion
  • Year: 2020
  • Machinery Weight: 18739.10 lb
  • Continuous Cutting: YES
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Material of Construction: CARBON STEEL
  • Phase: 3
  • Located in: East Asia/Pacific

We buy Leapion LF-PE CARBON STEEL 15000 KW 120 METERS/MIN 220 VOLTS 50 HERTZ 15000 KW in bulk. Click here to get a free valuation.

Star Micronics Co. Ltd. ECAS 20 0283 Genius 120 200 VOLTS 50/60 HERTZ | Automatic Screw Machines

  • Machinery Weight: 14716 LBS
  • Machinery Dimensions: 262 x 46 x 90 IN
  • Serial Number: 0283
  • Bar Feeder Model: Genius 120
  • Bar Feeder Included: YES
  • Model: ECAS 20
  • Manufacturer Name: Star Micronics Co. Ltd.
  • Voltage: 200 VOLTS
  • Type of Control: CNC
  • Year: 2005
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: PR, USA

We buy Star Micronics Co. Ltd. ECAS 20 0283 Genius 120 200 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Avery | Labelers

  • Machinery Dimensions: 31.50 x 47.24 x 47.24 in
  • Manufacturer Name: Avery
  • Application Type: WIPE/MERGE
  • Number of Labeling Heads: 1
  • Type of Labeler: INLINE
  • Machinery Weight: 176.37 lb
  • Located in: Europe

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

Beta-Pack BPT-26137 BPT-365-2007 380 VOLTS 50 HERTZ 63 AMPS | Blister Packaging Lines

  • Machinery Weight: 6283.11 lb
  • Machinery Dimensions: 26.25 x 6.56 x 6.56 ft
  • Current: 63 AMPS
  • Serial Number: BPT-365-2007
  • Model: BPT-26137
  • Manufacturer Name: Beta-Pack
  • Voltage: 380 VOLTS
  • Year: 2007
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Turkey

We buy Beta-Pack BPT-26137 BPT-365-2007 380 VOLTS 50 HERTZ 63 AMPS in bulk. Click here to get a free valuation.

Nan Ya Corporation Pte T-030E-0DZ | Transformers

  • Machinery Weight: 19180.02 lb
  • Machinery Dimensions: 89.76 x 87.24 x 89.76 in
  • Model: T-030E-0DZ
  • Manufacturer Name: Nan Ya Corporation Pte
  • Year: 2003
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy Nan Ya Corporation Pte T-030E-0DZ in bulk. Click here to get a free valuation.

Waters Q-TOF Micro | Mass Spectrometers

  • Model: Q-TOF Micro
  • Machinery Dimensions: 60 x 60 x 50 IN
  • Manufacturer Name: Waters
  • Machinery Weight: 600 LBS
  • Type of Mass Spec: Q-TOF
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Waters Q-TOF Micro in bulk. Click here to get a free valuation.

Maschinpex Visomat IV CU FT/MIN | Vial or Ampoule Inspection Machines

  • Capacity Speed: CU FT/MIN
  • Model: Visomat IV
  • Manufacturer Name: Maschinpex
  • Machinery Weight: 1 LBS
  • Year: 2004
  • Machinery Dimensions: 1 x 1 x 1 IN
  • Located in: Europe

We buy Maschinpex Visomat IV CU FT/MIN in bulk. Click here to get a free valuation.

Cisa RP-09 STEAM HEATED STAINLESS STEEL unknown IN unknown BAR unknown BAR 380-400 VOLTS 5 KW | Autoclaves

  • Machinery Dimensions: 78.74 x 62.99 x 86.61 in
  • Current: 5 KW
  • Voltage: 380-400 VOLTS
  • Pressure Rating (Temperature): no DEG F
  • Pressure Rating (Pressure): unknown BAR
  • Chamber Dimensions: unknown IN
  • Temperature Range: unknown DEG F
  • Model: RP-09
  • Manufacturer Name: Cisa
  • Country Cert. (Example National Board, CDN, CE Marked): NO
  • Heating or Cooling Source: STEAM HEATED
  • Year: 1981
  • Air Requirements: unknown BAR
  • Frequency: 50/60
  • Material of Construction: STAINLESS STEEL
  • Machinery Weight: 4409.20 lb
  • CE Marked: NO
  • Phase: 1
  • Located in: Europe

We buy Cisa RP-09 STEAM HEATED STAINLESS STEEL unknown IN unknown BAR unknown BAR 380-400 VOLTS 5 KW in bulk. Click here to get a free valuation.

Tecmaq S.A de C.V NA | Wrappers/Overwrappers/Bundlers

  • Machinery Dimensions: 4.92 x 5.58 x 9.84 ft
  • Product Sizing: 6x4x1.5
  • Capacity Speed: 120 CU FT/MIN
  • Manufacturer Name: Tecmaq S.A de C.V
  • Model: NA
  • Machinery Weight: 1322.76 lb
  • Year: 2013
  • Located in: Latin America

We buy Tecmaq S.A de C.V NA in bulk. Click here to get a free valuation.

San Tung Machine Industry Co., Ltd. AST-2 208 VOLTS 60 HERTZ 25 AMPS | Cup/Tub Filling Lines

  • Machinery Dimensions: 118.11 x 23.62 x 66.93 in
  • Current: 25 AMPS
  • Model: AST-2
  • Manufacturer Name: San Tung Machine Industry Co., Ltd.
  • Machinery Weight: 5000 Pounds
  • Voltage: 208 VOLTS
  • Year: 2015
  • CE Marked: NO
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy San Tung Machine Industry Co., Ltd. AST-2 208 VOLTS 60 HERTZ 25 AMPS in bulk. Click here to get a free valuation.

Alfa Laval 4N 4190 8818.40 lb | Boilers

  • Machinery Dimensions: 224.41 x 103.94 x 157.48 in
  • Model: 4N
  • Capacity Size: 8818.40 lb
  • Serial Number: 4190
  • Manufacturer Name: Alfa Laval
  • Year: 1993
  • Machinery Weight: 2.20 lb
  • Boiler Type: GAS
  • Recommended Packaging Form: CUSTOM
  • Located in: Sao Paulo, Brazil

We buy Alfa Laval 4N 4190 8818.40 lb in bulk. Click here to get a free valuation.

Russell Finex 25070.1.5 STAINLESS STEEL 1.5 HP 230/400 VOLTS 50 HERTZ 3.5 AMPS | Sieves or Sifters

  • Machinery Dimensions: 39 x 48 x 59 IN
  • Capacity Details: Duel Voltage Motor
  • Diameter of Screen: 36”
  • Model: 25070.1.5
  • Manufacturer Name: Russell Finex
  • Horsepower: 1.5 HP
  • Current: 3.5 AMPS
  • Number of Decks: 1
  • Voltage: 230/400 VOLTS
  • Material of Construction: STAINLESS STEEL
  • Frequency: 50 HERTZ
  • Machinery Weight: 2000 LBS
  • Phase: 3
  • Recommended Packaging Form: PALLET
  • Located in: North America

We buy Russell Finex 25070.1.5 STAINLESS STEEL 1.5 HP 230/400 VOLTS 50 HERTZ 3.5 AMPS in bulk. Click here to get a free valuation.

HPLC Agilent 1100 System 1050 HPLC | HPLC

  • Model: 1050 HPLC
  • Manufacturer Name: HPLC Agilent 1100 System
  • Located in: North America

We buy HPLC Agilent 1100 System 1050 HPLC in bulk. Click here to get a free valuation.

Agilent Technologies 1260 DEAAX01454 DIODE ARRAY 100-240 VOLTS 50/60 HERTZ | HPLC

  • Machinery Dimensions: 118.11 x 19.69 x 35.43 in
  • Type of Detector for HPLC: DIODE ARRAY
  • Model: 1260
  • Serial Number: DEAAX01454
  • Manufacturer Name: Agilent Technologies
  • Machinery Weight: 661.38 lb
  • Voltage: 100-240 VOLTS
  • Type of Pump for HPLC: BINARY
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Wales, United Kingdom

We buy Agilent Technologies 1260 DEAAX01454 DIODE ARRAY 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Rohde and Schwarz CMW500 127408 100-240 VOLTS 50/60 HERTZ 850 VA | Communication Testing Equipment

  • Machinery Dimensions: 21 x 19 x 8 IN
  • Current: 850 VA
  • Model: CMW500
  • Serial Number: 127408
  • Manufacturer Name: Rohde and Schwarz
  • Machinery Weight: 50 Pounds
  • Recommended Packaging Form: 24C (28X24X22)
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: CA, USA

We buy Rohde and Schwarz CMW500 127408 100-240 VOLTS 50/60 HERTZ 850 VA 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.

The Pascall Engineering Co Ltd Jar | Jar Mills

  • Machinery Dimensions: 98.43 x 59.06 x 59.06 in
  • Model: Jar
  • Manufacturer Name: The Pascall Engineering Co Ltd
  • Machinery Weight: 1102.30 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Italy

We buy The Pascall Engineering Co Ltd Jar in bulk. Click here to get a free valuation.

Fischbein S16204123212000 8001121797TV 15 AMPS 60 HERTZ | Heat Sealers

  • Machinery Dimensions: 128 x 45 x 96 IN
  • Serial Number: 8001121797TV
  • Model: S16204123212000
  • Manufacturer Name: Fischbein
  • Volts: 230
  • Machinery Weight: 2000 Pounds
  • Current: 15 AMPS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: WA, USA

We buy Fischbein S16204123212000 8001121797TV 15 AMPS 60 HERTZ in bulk. Click here to get a free valuation.