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

Surplus Machinery

Thermossol Steam Boilers S.A. STAINLESS STEEL STAINLESS STEEL STAINLESS STEEL | Heat Exchangers/Condensers

  • Machinery Dimensions: 70.87 x 19.69 x 53.15 in
  • Manufacturer Name: Thermossol Steam Boilers S.A.
  • Tube Material of Construction: STAINLESS STEEL
  • Frame Material of Construction: STAINLESS STEEL
  • Orientation: HORIZONTAL
  • Shell Material of Construction: STAINLESS STEEL
  • Type of Heat Exchanger: SHELL AND TUBE
  • Machinery Weight: 1102.30 lb
  • Year: 2011
  • CE Marked: YES
  • Located in: Greece

We buy Thermossol Steam Boilers S.A. STAINLESS STEEL STAINLESS STEEL STAINLESS STEEL in bulk. Click here to get a free valuation.

Caliper Life Sciences LC3000 | Miscellaneous

  • Machinery Dimensions: 43.31 x 15.75 x 13.78 in
  • Model: LC3000
  • Manufacturer Name: Caliper Life Sciences
  • Machinery Weight: 37.48 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Basel, Basel, Switzerland

We buy Caliper Life Sciences LC3000 in bulk. Click here to get a free valuation.

Thermo Finnigan LTQ ORBITRAP | Mass Spectrometers

  • Machinery Dimensions: 57 x 35 x 56 IN
  • Manufacturer Name: Thermo Finnigan
  • Model: LTQ Orbitrap
  • Machinery Weight: 1322 LBS
  • Type of Mass Spec: LINEAR TRAP QUAD (LTQ)
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Thermo Finnigan LTQ ORBITRAP in bulk. Click here to get a free valuation.

Applied Biosystems AAA-305-2P | Miscellaneous Lab Equipment

  • Model: AAA-305-2P
  • Manufacturer Name: Applied Biosystems
  • Located in: North America

We buy Applied Biosystems AAA-305-2P in bulk. Click here to get a free valuation.

Muller VME-700 | Mixers

  • Machinery Dimensions: 59.06 x 98.43 x 196.85 in
  • Model: VME-700
  • Manufacturer Name: Muller
  • Machinery Weight: 5952.42 lb
  • Type of mixer: LABORATORY
  • Year: 1987
  • Located in: Europe

We buy Muller VME-700 in bulk. Click here to get a free valuation.

WATERS Alliance 717 Plus | HPLC

  • Model: 717 Plus
  • Manufacturer Name: WATERS Alliance
  • Located in: North America

We buy WATERS Alliance 717 Plus in bulk. Click here to get a free valuation.

Carver 3851-0 43000-1358 | Hydraulic Presses

  • Model: 3851-0
  • Serial Number: 43000-1358
  • Manufacturer Name: Carver
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Located in: NH, USA

We buy Carver 3851-0 43000-1358 in bulk. Click here to get a free valuation.

Shimadzu DGU20A and 10VAP | HPLC

  • Model: DGU20A and 10VAP
  • Manufacturer Name: Shimadzu
  • Located in: North America

We buy Shimadzu DGU20A and 10VAP in bulk. Click here to get a free valuation.

GEKA AUTOMATION C2PL -80 7.5 KW | Shears

  • Machinery Dimensions: 951.97 x 43.31 x 78.74 in
  • Cutting Capacity: ANGLE 40X40X4 mm to 80X80X8 mm CAN BE SHEAR AND PUNCH
  • Capacity Size: 7.5 KW
  • Model: C2PL -80
  • Manufacturer Name: GEKA AUTOMATION
  • Machinery Weight: 3306.90 lb
  • Year: 2016
  • Recommended Packaging Form: 24C (28X24X22)
  • CE Marked: YES
  • Located in: South Asia

We buy GEKA AUTOMATION C2PL -80 7.5 KW in bulk. Click here to get a free valuation.

Rite Hydronic 150 HP 111 KW 230/460 VOLTS 50/60 HERTZ | Boilers

  • Machinery Dimensions: 15 x 8 x 9 FT
  • Model: Hydronic 150 HP
  • Capacity Size: 111 KW
  • Manufacturer Name: Rite
  • Year: 1993
  • Boiler Type: GAS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Machinery Weight: 2000 LBS
  • Phase: 3
  • Voltage: 230/460 VOLTS
  • Located in: North America

We buy Rite Hydronic 150 HP 111 KW 230/460 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

John Brown 10 Cubic Meters GLASS LINED 6 BAR 10 BAR 74.80 in 86.61 in | Reactors

  • Machinery Dimensions: 137.80 x 106.30 x 110.24 in
  • Jacket Temperature Rating: 185 DEG C
  • Jacket Pressure Rating: 10 BAR
  • Internal Temperature Rating: 185 DEG C
  • Capacity of Reactor: 10 CU M
  • Model: 10 Cubic Meters
  • Manufacturer Name: John Brown
  • Inside Diameter: 86.61 in
  • Internal Pressure Rating: 6 BAR
  • Glass Lined - Has Vessel Been Spark Tested: YES
  • Straight Side: 74.80 in
  • Reactor Material of Construction: GLASS LINED
  • Agitator Location: TOP
  • Machinery Weight: 15432.20 lb
  • Year: 1992
  • Located in: Lincolnshire, United Kingdom

We buy John Brown 10 Cubic Meters GLASS LINED 6 BAR 10 BAR 74.80 in 86.61 in in bulk. Click here to get a free valuation.

Sapal DPN1 A1510 AD 11027 480 U/MIN 380 VOLTS 60 HERTZ | Chocolate Wrappers

  • Serial Number: 11027
  • Machinery Dimensions: 118.11 x 78.74 x 86.61 in
  • Capacity Details: Chocolate Bonbon 15g
  • Capacity Speed: 480 U/MIN
  • Model: DPN1 A1510 AD
  • Wrapping Method: FOIL AND BAND
  • Manufacturer Name: Sapal
  • Year: 1992
  • Machinery Weight: 881.84 lb
  • Voltage: 380 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: SP, Brazil

We buy Sapal DPN1 A1510 AD 11027 480 U/MIN 380 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Busch NP0250.ALL6.000B U081602535 | Miscellaneous

  • Serial Number: U081602535
  • 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 U081602535 in bulk. Click here to get a free valuation.

Sepro Robotique SR 4030 S3 11130 | Robotics

  • Machinery Dimensions: 143.70 x 77.95 x 77.36 in
  • Serial Number: 11130
  • Model: SR 4030 S3
  • Manufacturer Name: Sepro Robotique
  • Machinery Weight: 1322.76 lb
  • Year: 2004
  • Located in: Malta

We buy Sepro Robotique SR 4030 S3 11130 in bulk. Click here to get a free valuation.

Mark Industries 500 L/HR | Homogenizers

  • Material of Construction: 304 STAINLESS STEEL
  • Capacity Speed: 500 L/HR
  • Manufacturer Name: Mark Industries
  • Machinery Dimensions: 48 x 48 x 36 IN
  • Machinery Weight: 2500 LBS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Mark Industries 500 L/HR in bulk. Click here to get a free valuation.

Novatel OEM719T 100 HERTZ | Computer Equipment

  • Machinery Weight: 0.22 lb
  • Machinery Dimensions: 27.95 x 18.11 x 4.33 in
  • Current: 200 mA AMPS
  • Voltage: 3.3 VDC ±5% VOLTS
  • Model: OEM719T
  • Frequency: 100 HERTZ
  • Manufacturer Name: Novatel
  • Year: 2017
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Located in: Israel

We buy Novatel OEM719T 100 HERTZ 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.

Metrohm 1.715.0010OES/412 220 VOLTS 50/60 HERTZ | Titrators

  • Machinery Dimensions: 7.87 x 9.84 x 6.69 in
  • Serial Number: 1.715.0010OES/412
  • Manufacturer Name: Metrohm
  • Machinery Weight: 6.61 lb
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Antwerpen, Belgium

We buy Metrohm 1.715.0010OES/412 220 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

ACE World Companies 17341 88 FT 40 TONS | Miscellaneous

  • Machinery Dimensions: 88 x 7 x 5 FT
  • Capacity Size: 40 TONS
  • Span width: 88 FT
  • Serial Number: 17341
  • Lift Style: ELECTRIC
  • Manufacturer Name: ACE World Companies
  • Machinery Weight: 5000 LBS
  • Located in: Skull Valley, UT, USA

We buy ACE World Companies 17341 88 FT 40 TONS in bulk. Click here to get a free valuation.

ESA Corona CP0139 CHARGED AEROSOL NO PUMP 100/240 VOLTS 50/60 HERTZ 2 AMPS | HPLC

  • Machinery Dimensions: 9.84 x 19.69 x 7.87 in
  • Type of Detector for HPLC: CHARGED AEROSOL
  • Model: Corona
  • Serial Number: CP0139
  • Manufacturer Name: ESA
  • Current: 2 AMPS
  • Machinery Weight: 22.05 lb
  • Type of Pump for HPLC: NO PUMP
  • Voltage: 100/240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Antwerpen, Belgium

We buy ESA Corona CP0139 CHARGED AEROSOL NO PUMP 100/240 VOLTS 50/60 HERTZ 2 AMPS in bulk. Click here to get a free valuation.

Longford M22701 57151-01E 120 VOLTS 50/60 HERTZ 6 AMPS | Inserting/Outserting Machines

  • Machinery Dimensions: 1.89 x 1.89 x 2.36 in
  • Model: M22701
  • Serial Number: 57151-01E
  • Manufacturer Name: Longford
  • Machinery Weight: 1102.30 lb
  • Current: 6 AMPS
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 1
  • Voltage: 120 VOLTS
  • Located in: Distrito Nacional, Dominican Republic

We buy Longford M22701 57151-01E 120 VOLTS 50/60 HERTZ 6 AMPS in bulk. Click here to get a free valuation.

Mixing Vessels - Custom N/A STAINLESS STEEL 557.74 ft 885.83 ft 557.74 ft | Mixing Vessels

  • Machinery Dimensions: 6.56 x 6.56 x 9.84 ft
  • Straight Side: 557.74 ft
  • Overall Height: 885.83 ft
  • Inside Diameter: 557.74 ft
  • Manufacturer Name: Mixing Vessels - Custom
  • Model: n/a
  • Type of Bottom Head: HEMISPHERICAL
  • Agitation: YES
  • Type of Top Head: FLAT
  • Tank Material of Construction: STAINLESS STEEL
  • Machinery Weight: 2204.60 lb
  • Jacketed: NO
  • Located in: Europe

We buy Mixing Vessels - Custom N/A STAINLESS STEEL 557.74 ft 885.83 ft 557.74 ft in bulk. Click here to get a free valuation.

Perkin Elmer Janus Standard DG05117851 50/60 HERTZ 350 VA | Liquid Handlers

  • Machinery Weight: 495 LBS
  • Machinery Dimensions: 60 x 32 x 77 IN
  • Voltage: 100, 120, 200, 230 VOLTS
  • Model: Janus Standard
  • Serial Number: DG05117851
  • Current: 350 VA
  • Manufacturer Name: Perkin Elmer
  • Year: 2011
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: CA, USA

We buy Perkin Elmer Janus Standard DG05117851 50/60 HERTZ 350 VA in bulk. Click here to get a free valuation.

Custom Made 2000 Liter 528.52 gal STAINLESS STEEL 66.93 in 106.30 in 98.43 in 220 VOLTS 60 HERTZ | Tanks

  • Machinery Dimensions: 59.06 x 59.06 x 106.30 in
  • Model: 2000 Liter
  • Straight Side: 98.43 in
  • Overall Height: 106.30 in
  • Inside Diameter: 66.93 in
  • Manufacturer Name: Custom Made
  • Capacity of Tank: 528.52 gal
  • Vertical or Horizontal: VERTICAL
  • Agitation: YES
  • Type of Bottom Head: FLAT
  • Type of Top Head: FLAT
  • Tank Material of Construction: STAINLESS STEEL
  • Machinery Weight: 440.92 lb
  • Voltage: 220 VOLTS
  • Jacketed: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Brazil

We buy Custom Made 2000 Liter 528.52 gal STAINLESS STEEL 66.93 in 106.30 in 98.43 in 220 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

NFM L120 26.43 gal 18.5 KW | Blenders

  • Machinery Dimensions: 39.37 x 27.56 x 53.15 in
  • Model: L120
  • Manufacturer Name: NFM
  • Current: 18.5 KW
  • Type of Blender: ROTARY
  • Capacity Size: 26.43 gal
  • Machinery Weight: 330.69 lb
  • CE Marked: YES
  • Located in: Europe

We buy NFM L120 26.43 gal 18.5 KW in bulk. Click here to get a free valuation.

SIG Combibloc CFA 124-36 6000 L/HR 230/400 VOLTS 50 HERTZ 120 AMPS 6 BAR | Beverage Filling Lines

  • Machinery Dimensions: 78.74 x 16.40 x 22.97 ft
  • Current: 120 AMPS
  • Product Sizing: 200 ml - 235 ml - 250 ml
  • Capacity Details: Milk - flavoured milk - Juice
  • Capacity Speed: 6000 L/HR
  • Model: CFA 124-36
  • Machinery Weight: 88929.16 lb
  • Voltage: 230/400 VOLTS
  • Manufacturer Name: SIG Combibloc
  • Air Requirements: 6 BAR
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Year: 2012
  • Phase: 3
  • Located in: Africa

We buy SIG Combibloc CFA 124-36 6000 L/HR 230/400 VOLTS 50 HERTZ 120 AMPS 6 BAR in bulk. Click here to get a free valuation.

Tektronix Inc. TCP312 B016756 | Miscellaneous

  • Serial Number: B016756
  • Machinery Dimensions: 9 x 3 x 2 IN
  • Model: TCP312
  • Manufacturer Name: Tektronix Inc.
  • Machinery Weight: 1 LBS
  • Recommended Packaging Form: 12C (12X12X12)
  • CE Marked: YES
  • Located in: Hillsboro, OR, USA

We buy Tektronix Inc. TCP312 B016756 in bulk. Click here to get a free valuation.

Portmann Instruments AG SD02 513, 519, 520 230 VOLTS 50 HERTZ 200 WATTS | Miscellaneous

  • Machinery Dimensions: 17.72 x 3.94 x 20.47 in
  • Model: SD02
  • Serial Number: 513, 519, 520
  • Manufacturer Name: Portmann Instruments AG
  • Current: 200 WATTS
  • Machinery Weight: 33.07 lb
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: NO
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: Basel, Basel, Switzerland

We buy Portmann Instruments AG SD02 513, 519, 520 230 VOLTS 50 HERTZ 200 WATTS in bulk. Click here to get a free valuation.

Ruhrgetriebe KG TP63B2 220-415 VOLTS 50/60 HERTZ 1.24 AMPS | Miscellaneous

  • Current: 1.24 AMPS
  • Voltage: 220-415 VOLTS
  • Model: TP63B2
  • Manufacturer Name: Ruhrgetriebe KG
  • Machinery Dimensions: 16 x 13 x 13 IN
  • Machinery Weight: 60 LBS
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Located in: Forest, VA, USA

We buy Ruhrgetriebe KG TP63B2 220-415 VOLTS 50/60 HERTZ 1.24 AMPS in bulk. Click here to get a free valuation.

Nabertherm GmbH L9/12/B170 190849 | Miscellaneous

  • Machinery Weight: 77.16 lb
  • Machinery Dimensions: 19.69 x 27.56 x 23.62 in
  • Serial Number: 190849
  • Model: L9/12/B170
  • Manufacturer Name: Nabertherm GmbH
  • Year: 2006
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Located in: Basel, Basel, Switzerland

We buy Nabertherm GmbH L9/12/B170 190849 in bulk. Click here to get a free valuation.

Etipack SIST2V PHARMA 220 VOLTS 50/60 HERTZ 1,5 AMPS | Labelers

  • Machinery Dimensions: 118.11 x 47.24 x 78.74 in
  • Current: 1,5 AMPS
  • Model: SIST2V PHARMA
  • Manufacturer Name: Etipack
  • Application Type: BLOW
  • Machinery Weight: 3306.90 lb
  • Year: 2000
  • Number of Labeling Heads: 1
  • Type of Labeler: INLINE
  • Voltage: 220 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Located in: Europe

We buy Etipack SIST2V PHARMA 220 VOLTS 50/60 HERTZ 1,5 AMPS in bulk. Click here to get a free valuation.

Agilent Technologies 1200 HPLC / G1322 / G1311 / G1329 / G1330 / G1315 | HPLC

  • Model: 1200 HPLC / G1322 / G1311 / G1329 / G1330 / G1315
  • Manufacturer Name: Agilent Technologies
  • Located in: North America

We buy Agilent Technologies 1200 HPLC / G1322 / G1311 / G1329 / G1330 / G1315 in bulk. Click here to get a free valuation.

Imbil Industria e Manutencao de Bombas ITA Ltda E3 5M 166796590001 12.5 HP 220/380 VOLTS 60 HERTZ 32/18.5 AMPS | Centrifugal Pumps

  • Serial Number: 166796590001
  • Current: 32/18.5 AMPS
  • Capacity Speed: 65 CU M/HR
  • Machinery Dimensions: 55.91 x 20.08 x 39.37 in
  • Horsepower: 12.5 HP
  • Model: E3 5M
  • Manufacturer Name: Imbil Industria e Manutencao de Bombas ITA Ltda
  • RPM: 1750
  • Voltage: 220/380 VOLTS
  • Machinery Weight: 440.92 lb
  • Year: 2010
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: SP, Brazil

We buy Imbil Industria e Manutencao de Bombas ITA Ltda E3 5M 166796590001 12.5 HP 220/380 VOLTS 60 HERTZ 32/18.5 AMPS in bulk. Click here to get a free valuation.

Acme Electric Corp 240-480 VOLTS 60 HERTZ | Transformers

  • Machinery Weight: 572 LBS
  • Machinery Dimensions: 52 x 13 x 22 IN
  • Voltage: 240-480 VOLTS
  • Secondary Voltage: 120/240
  • Primary Voltage: 240X480
  • KVA: 5.00 and 10 and 3.0 and 8.65
  • Manufacturer Name: Acme Electric Corp
  • Type of Transformer: DRY
  • Phase: 1
  • Frequency: 60 HERTZ
  • Recommended Packaging Form: PALLET
  • Located in: CA, USA

We buy Acme Electric Corp 240-480 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Holzworth Instrumentation HS9002A 325, 284 | Miscellaneous

  • Serial Number: 325, 284
  • Machinery Weight: 34 LBS
  • Machinery Dimensions: 36 x 16 x 2 IN
  • Model: HS9002A
  • Manufacturer Name: Holzworth Instrumentation
  • Recommended Packaging Form: 20C (28X20X20)
  • Located in: San Jose, CA, USA

We buy Holzworth Instrumentation HS9002A 325, 284 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.

Hettich Haematokrit 210 FIXED ANGLE 100-240 VOLTS 50/60 HERTZ | Miscellaneous

  • Model: Haematokrit 210
  • Manufacturer Name: Hettich
  • Machinery Dimensions: 11.81 x 15.75 x 11.81 in
  • Number of Positions: 24
  • Rotor Type: FIXED ANGLE
  • Machinery Weight: 22.05 lb
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Year: 2012
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Bridgend , Wales, United Kingdom

We buy Hettich Haematokrit 210 FIXED ANGLE 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Groen DA-500 500 GALS 80 PSI | Stainless Steel Kettles

  • Machinery Dimensions: 186 x 79 x 68 IN
  • Capacity Size: 500 GALS
  • Model: DA-500
  • Internal Temperature Rating: 325 DEG F
  • Internal Pressure Rating: 80 PSI
  • Year: 1969
  • Manufacturer Name: Groen
  • How Many Types of Agitation: DOUBLE
  • Agitation: YES
  • Machinery Weight: 2 LBS
  • Recommended Packaging Form: CUSTOM
  • Located in: MA, USA

We buy Groen DA-500 500 GALS 80 PSI in bulk. Click here to get a free valuation.

Eden Labs Hi-Flo20L 2K | Extractors

  • Machinery Weight: 3065 LBS
  • Machinery Dimensions: 12 x 12 x 6 FT
  • Model: Hi-Flo20L 2K
  • Manufacturer Name: Eden Labs
  • Year: 2017
  • Recommended Packaging Form: CRATE
  • Located in: CA, USA

We buy Eden Labs Hi-Flo20L 2K in bulk. Click here to get a free valuation.

Rohde and Schwarz CMW-Z24 101420 | Miscellaneous

  • Serial Number: 101420
  • Machinery Dimensions: 20 x 19 x 3 IN
  • Model: CMW-Z24
  • Manufacturer Name: Rohde and Schwarz
  • Machinery Weight: 9 LBS
  • Recommended Packaging Form: 24C (28X24X22)
  • Located in: San Jose, CA, USA

We buy Rohde and Schwarz CMW-Z24 101420 in bulk. Click here to get a free valuation.