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

Surplus Machinery

Eppendorf 5418 R | Laboratory Centrifuges

  • Model: 5418 R
  • Manufacturer Name: Eppendorf
  • Located in: North America

We buy Eppendorf 5418 R in bulk. Click here to get a free valuation.

Giusti 225L 59.46 gal 60 PSI | Stainless Steel Kettles

  • Machinery Dimensions: 19.69 x 19.69 x 47.24 in
  • Jacket Pressure Rating: 60 PSI
  • Model: 225L
  • Capacity Size: 59.46 gal
  • Manufacturer Name: Giusti
  • Year: 1975
  • Machinery Weight: 440.92 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Giusti 225L 59.46 gal 60 PSI in bulk. Click here to get a free valuation.

Treif 1521 | Slicers

  • Model: 1521
  • Manufacturer Name: Treif
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Machinery Weight: 0.00 lb
  • Located in: Europe

We buy Treif 1521 in bulk. Click here to get a free valuation.

Domino A400 | Printing or Code Markers

  • Machinery Dimensions: 35.43 x 22.44 x 53.15 in
  • Machinery Dimensions: 35.43 x 29.53 x 53.15 in
  • Model: A400
  • Manufacturer Name: Domino
  • Machinery Weight: 220.46 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Domino A400 in bulk. Click here to get a free valuation.

Casburt UNKNOWN ELECTRICALLY HEATED 50 HERTZ | Drying Ovens

  • Machinery Dimensions: 78.74 x 59.06 x 98.43 in
  • Number of Shelves: 10
  • Temperature Range: 50 to 200 DEG C
  • Manufacturer Name: Casburt
  • Heating or Cooling Source: ELECTRICALLY HEATED
  • Machinery Weight: 440.92 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy Casburt UNKNOWN ELECTRICALLY HEATED 50 HERTZ in bulk. Click here to get a free valuation.

Douglas Machine M103080 SIDE LOAD 480 VOLTS | Case Packers

  • Machinery Dimensions: 93 x 15 x 9 IN
  • Serial Number: M103080
  • Manufacturer Name: Douglas Machine
  • Type of Packer: SIDE LOAD
  • Case Sealing: HOT MELT GLUE
  • Machinery Weight: 4800 LBS
  • Voltage: 480 VOLTS
  • Phase: 3
  • Located in: LA, USA

We buy Douglas Machine M103080 SIDE LOAD 480 VOLTS in bulk. Click here to get a free valuation.

MGS Machine Corp RPP 221 10685 115 VOLTS 60 HERTZ | Miscellaneous

  • Machinery Dimensions: 40 x 33 x 65 IN
  • Serial Number: 10685
  • Model: RPP 221
  • Manufacturer Name: MGS Machine Corp
  • Voltage: 115 VOLTS
  • Year: 2004
  • Machinery Weight: 500 LBS
  • Frequency: 60 HERTZ
  • Located in: Forest, VA, USA

We buy MGS Machine Corp RPP 221 10685 115 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Leo LTA-330A | Wafer Thickness Measurement

  • Model: LTA-330A
  • Manufacturer Name: Leo
  • Machinery Dimensions: 48 x 48 x 60 IN
  • Year: 1991
  • Machinery Weight: 500 LBS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: East Asia/Pacific

We buy Leo LTA-330A in bulk. Click here to get a free valuation.

Doboy | Sheeters

  • Manufacturer Name: Doboy
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Located in: North America

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

Nordson Various | Miscellaneous

  • Manufacturer Name: Nordson
  • Model: Various
  • Machinery Dimensions: 48 x 40 x 24 IN
  • Machinery Weight: 200 LBS
  • Located in: Forest, VA, USA

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

Edmund Buhler KL2 230 VOLTS 50/60 HERTZ | Miscellaneous

  • Model: KL2
  • Manufacturer Name: Edmund Buhler
  • Machinery Weight: 44.09 lb
  • Machinery Dimensions: 15.75 x 19.69 x 9.84 in
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Edmund Buhler KL2 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Imada MX-500N-E 242601 | Measuring Equipment

  • Machinery Weight: 394.62 lb
  • Machinery Dimensions: 43.31 x 15.75 x 39.37 in
  • Serial Number: 242601
  • Model: MX-500N-E
  • Manufacturer Name: Imada
  • CE Marked: YES
  • Located in: Medan, Indonesia

We buy Imada MX-500N-E 242601 in bulk. Click here to get a free valuation.

Yamaha YK600X K 6090, K6123 | Robotics

  • Machinery Dimensions: 118.11 x 51.18 x 100.39 in
  • Serial Number: K 6090, K6123
  • Model: YK600X
  • Manufacturer Name: Yamaha
  • Year: 2003
  • Machinery Weight: 4409.20 lb
  • Located in: Ireland

We buy Yamaha YK600X K 6090, K6123 in bulk. Click here to get a free valuation.

Raymond 102T-F45L 102-07-07562 4500 LBS 24 VOLTS | Fork Lift Trucks

  • Serial Number: 102-07-07562
  • Model: 102T-F45L
  • Manufacturer Name: Raymond
  • Stand Up/Sit Down: Stand Up Walking
  • Capacity Size: 4500 LBS
  • Voltage: 24 VOLTS
  • Lifting Device: FORK
  • Fuel: ELECTRIC
  • Machinery Dimensions: 48 x 48 x 48 IN
  • Recommended Packaging Form: CUSTOM
  • Machinery Weight: 2000 LBS
  • Located in: PR, USA

We buy Raymond 102T-F45L 102-07-07562 4500 LBS 24 VOLTS in bulk. Click here to get a free valuation.

CAM Packaging Systems G35 A 0227.03.G35 35 CPM 380 VOLTS 50 HERTZ | Wrappers/Overwrappers/Bundlers

  • Serial Number: A 0227.03.G35
  • Manufacturer Name: CAM Packaging Systems
  • Model: G35
  • Capacity Speed: 35 CPM
  • Machinery Dimensions: 59.06 x 98.43 x 78.74 in
  • Year: 1997
  • Voltage: 380 VOLTS
  • Machinery Weight: 4409.20 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Poland

We buy CAM Packaging Systems G35 A 0227.03.G35 35 CPM 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Reach Food Systems TT | Depositors

  • Model: TT
  • Manufacturer Name: Reach Food Systems
  • Machinery Weight: 385.81 lb
  • Machinery Dimensions: 39.37 x 39.37 x 78.74 in
  • Year: 2014
  • Located in: Europe

We buy Reach Food Systems TT in bulk. Click here to get a free valuation.

Pulsafeeder 8480-5-E 8813697-1 1105 GPH STAINLESS STEEL 120 PSI 575 VOLTS 60 HERTZ 5.5 AMPS | Diaphragm Pumps

  • Machinery Dimensions: 5 x 1 x 2 FT
  • Current: 5.5 AMPS
  • Horsepower: 5
  • Pressure Rating (Pressure): 120 PSI
  • Capacity Speed: 1105 GPH
  • Model: 8480-5-E
  • Serial Number: 8813697-1
  • Manufacturer Name: Pulsafeeder
  • Voltage: 575 VOLTS
  • Machinery Weight: 500 LBS
  • Material of Construction: STAINLESS STEEL
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Recommended Packaging Form: PALLET
  • Located in: PQ, Canada

We buy Pulsafeeder 8480-5-E 8813697-1 1105 GPH STAINLESS STEEL 120 PSI 575 VOLTS 60 HERTZ 5.5 AMPS in bulk. Click here to get a free valuation.

Zebra Technologies 170xiII 7077427, 729156 120 VOLTS 50/60 HERTZ | Printing or Code Markers

  • Machinery Dimensions: 48 x 14 x 16 IN
  • Serial Number: 7077427, 729156
  • Model: 170xiII
  • Manufacturer Name: Zebra Technologies
  • Machinery Weight: 60 LBS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Voltage: 120 VOLTS
  • Located in: CA, USA

We buy Zebra Technologies 170xiII 7077427, 729156 120 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

IMA K150 89153, 109836013 150 U/MIN 6-7 BAR Lateral flap 440 VOLTS 60 HERTZ 6.6 AMPS | Horizontal Cartoners

  • Machinery Dimensions: 125.98 x 59.06 x 66.93 in
  • Current: 6.6 AMPS
  • Code Dater Location: Lateral flap
  • Method of Code Dater: EMBOSS
  • Serial Number: 89153, 109836013
  • Speed: 150 U/MIN
  • Carton Size or Range: Adjustable but the maximum or minimum dimensions were not provided
  • Line Motion: INTERMITTENT
  • Model: K150
  • Manufacturer Name: IMA
  • Voltage: 440 VOLTS
  • Air Requirements: 6-7 BAR
  • Year: 1994
  • Closure: GLUE INNER & OUTER FLAPS
  • Product Loading: MANUAL
  • Product Handling: HORIZONTAL
  • Carton Feeder Type: PICK AND PLACE
  • Type of Closure: HOT MELT GLUE
  • Machinery Weight: 4409.20 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Mexico

We buy IMA K150 89153, 109836013 150 U/MIN 6-7 BAR Lateral flap 440 VOLTS 60 HERTZ 6.6 AMPS in bulk. Click here to get a free valuation.

Waldys B-188 0 CPM | Wrappers/Overwrappers/Bundlers

  • Capacity Speed: 0 CPM
  • Model: B-188
  • Manufacturer Name: Waldys
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Machinery Weight: 0.00 lb
  • Located in: Europe

We buy Waldys B-188 0 CPM in bulk. Click here to get a free valuation.

Wenzhou Ace Machinery 2000L 530 GALS STAINLESS STEEL 75 IN 65 IN 50 IN | Tanks

  • Machinery Weight: 1609.36 lb
  • Machinery Dimensions: 105 x 75 x 65 IN
  • Model: 2000L
  • Straight Side: 50 IN
  • Overall Height: 65 IN
  • Inside Diameter: 75 IN
  • Capacity of Tank: 530 GALS
  • Manufacturer Name: Wenzhou Ace Machinery
  • How Many Types of Agitation: SINGLE
  • Jacketed: YES
  • Grade of Stainless Steel: 316
  • Agitation: YES
  • Installation Type: LEGS
  • Tank Material of Construction: STAINLESS STEEL
  • Year: 2018
  • Recommended Packaging Form: CUSTOM
  • Located in: TX, USA

We buy Wenzhou Ace Machinery 2000L 530 GALS STAINLESS STEEL 75 IN 65 IN 50 IN in bulk. Click here to get a free valuation.

Erweka Multicheck no BAR 220 VOLTS 50 HERTZ no AMPS | Hardness Testers

  • Machinery Dimensions: 20.47 x 24.41 x 21.26 in
  • Products Run: tablets
  • Capacity Speed: no CU FT/MIN
  • Year: no
  • Model: Multicheck
  • Current: no AMPS
  • Air Requirements: no BAR
  • Manufacturer Name: Erweka
  • Machinery Weight: 11.02 lb
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Located in: Europe

We buy Erweka Multicheck no BAR 220 VOLTS 50 HERTZ no AMPS in bulk. Click here to get a free valuation.

Technikrom 15 1/2 SLURRY PACKED STAINLESS STEEL | Chromatography Columns

  • Machinery Dimensions: 30 x 30 x 91 IN
  • Column Type: SLURRY PACKED
  • Model: 15 1/2
  • Manufacturer Name: Technikrom
  • Machinery Weight: 500 LBS
  • Material of Construction: STAINLESS STEEL
  • Recommended Packaging Form: CRATE
  • Located in: North America

We buy Technikrom 15 1/2 SLURRY PACKED STAINLESS STEEL in bulk. Click here to get a free valuation.

Lab Tech VP50 Vacuum Pump / VP50PLUS | Miscellaneous Lab Equipment

  • Model: VP50 Vacuum Pump / VP50PLUS
  • Manufacturer Name: Lab Tech
  • Located in: North America

We buy Lab Tech VP50 Vacuum Pump / VP50PLUS in bulk. Click here to get a free valuation.

Ambaflex Spiralveyor SV 15156-07 480 VOLTS CARBON STEEL 16 IN SPIRAL CONVEYOR | Conveyors

  • Serial Number: 15156-07
  • Machinery Weight: 1800 LBS
  • Machinery Dimensions: 74 x 72 x 140 IN
  • Type of Conveyors: SPIRAL CONVEYOR
  • Belt Size: 16 IN
  • Model: Spiralveyor SV
  • Manufacturer Name: Ambaflex
  • Portable: NO
  • Year: 2013
  • CE Marked: YES
  • Voltage: 480 VOLTS
  • Material of Construction: CARBON STEEL
  • Located in: LA, USA

We buy Ambaflex Spiralveyor SV 15156-07 480 VOLTS CARBON STEEL 16 IN SPIRAL CONVEYOR in bulk. Click here to get a free valuation.

Sigpack RGS-4 J-01608-RG-0241 380 VOLTS 50 HERTZ 21 MILLIWATTS 6 BAR | Bagger Other

  • Machinery Dimensions: 96.85 x 78.50 x 95.08 in
  • Model: RGS-4
  • Current: 21 MILLIWATTS
  • Serial Number: J-01608-RG-0241
  • Manufacturer Name: Sigpack
  • Machinery Weight: 6613.80 lb
  • Year: 2008
  • Voltage: 380 VOLTS
  • Air Requirements: 6 BAR
  • Frequency: 50 HERTZ
  • Phase: 3
  • Located in: Portugal

We buy Sigpack RGS-4 J-01608-RG-0241 380 VOLTS 50 HERTZ 21 MILLIWATTS 6 BAR in bulk. Click here to get a free valuation.

Sogequip FreeNox P130 08030709. 400 VOLTS 50 HERTZ | Chillers

  • Machinery Weight: 2116.42 lb
  • Machinery Dimensions: 129.92 x 28.35 x 56.30 in
  • Model: FreeNox P130
  • Serial Number: 08030709.
  • Year: 2008,2007
  • Manufacturer Name: Sogequip
  • Temperature Range: 37 DEG C
  • Tonnage: 1
  • Phase: 3+1
  • Voltage: 400 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Wales, United Kingdom

We buy Sogequip FreeNox P130 08030709. 400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Incutec K30-300 100910 230 VOLTS 50/60 HERTZ | Shakers

  • Machinery Dimensions: 22.05 x 27.95 x 4.72 in
  • Model: K30-300
  • Serial Number: 100910
  • Manufacturer Name: Incutec
  • Machinery Weight: 17.64 lb
  • Voltage: 230 VOLTS
  • Frequency: 50/60 HERTZ
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Switzerland

We buy Incutec K30-300 100910 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

EAM Delta 1494-20 120 VOLTS 60 HERTZ | Printers

  • Machinery Dimensions: 64 x 48 x 90 IN
  • Serial Number: 1494-20
  • Manufacturer Name: EAM
  • Machinery Weight: 200 LBS
  • Model: Delta
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Voltage: 120 VOLTS
  • Frequency: 60 HERTZ
  • Located in: TN, USA

We buy EAM Delta 1494-20 120 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

IKA M20 100047169 220 VOLTS 50 HERTZ | Lab Grinders

  • Serial Number: 100047169
  • Machinery Dimensions: 6.69 x 6.69 x 14.57 in
  • Model: M20
  • Manufacturer Name: IKA
  • Machinery Weight: 11.02 lb
  • Year: 2015
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Phase: 1
  • Located in: Germany

We buy IKA M20 100047169 220 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Bosch Packaging Technology GKF 702 727797 700 BPM Size 0 5 BAR 400 VOLTS 50 HERTZ 2.5 KW | Fillers

  • Machinery Dimensions: 65.94 x 35.63 x 81.10 in
  • Current: 2.5 KW
  • Capsule Size: Size 0
  • Max operating speed: 700 BPM
  • Current Application (Products,Sizes Run and Shape of Bottle): Capsule size 0
  • Model: GKF 702
  • Serial Number: 727797
  • Air Requirements: 5 BAR
  • Manufacturer Name: Bosch Packaging Technology
  • Machinery Weight: 2645.52 lb
  • Voltage: 400 VOLTS
  • Type of Filler: CAPSULE
  • Year: 2015
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Germany

We buy Bosch Packaging Technology GKF 702 727797 700 BPM Size 0 5 BAR 400 VOLTS 50 HERTZ 2.5 KW in bulk. Click here to get a free valuation.

Skan HFC-EVO 900 30005636.01 | Miscellaneous

  • Serial Number: 30005636.01
  • Machinery Dimensions: 43.31 x 33.46 x 53.15 in
  • Model: HFC-EVO 900
  • Manufacturer Name: Skan
  • Machinery Weight: 396.83 lb
  • Year: 2013
  • Recommended Packaging Form: CUSTOM
  • Located in: Basel, Basel, Switzerland

We buy Skan HFC-EVO 900 30005636.01 in bulk. Click here to get a free valuation.

Bosch Packaging Technology MLD-5120 | Vial Filling Lines

  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Model: MLD-5120
  • Manufacturer Name: Bosch Packaging Technology
  • Machinery Weight: 0.00 lb
  • Located in: Ireland

We buy Bosch Packaging Technology MLD-5120 in bulk. Click here to get a free valuation.

TGM Industries B600-2 150 TPM 8 BAR 380 VOLTS 3,5 KW | Fillers

  • Machinery Dimensions: 103.94 x 48.43 x 80.39 in
  • Max operating speed: 150 TPM
  • Model: B600-2
  • Manufacturer Name: TGM Industries
  • Current: 3,5 KW
  • Type of Filler: TUBE
  • Type of tube run: METAL
  • Air Requirements: 8 BAR
  • Frequency: 50
  • Year: 2004
  • Voltage: 380 VOLTS
  • Machinery Weight: 2204.60 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy TGM Industries B600-2 150 TPM 8 BAR 380 VOLTS 3,5 KW in bulk. Click here to get a free valuation.

Thermo Electron Corporation FAIMS WFG 00106 115/230 VOLTS 50/60 HERTZ 2.5 AMPS | Miscellaneous

  • Machinery Dimensions: 53.15 x 9.84 x 19.69 in
  • Model: FAIMS
  • Serial Number: WFG 00106
  • Manufacturer Name: Thermo Electron Corporation
  • Machinery Weight: 385.81 lb
  • Current: 2.5 AMPS
  • Voltage: 115/230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Basel, Basel, Switzerland

We buy Thermo Electron Corporation FAIMS WFG 00106 115/230 VOLTS 50/60 HERTZ 2.5 AMPS in bulk. Click here to get a free valuation.

Mettler Toledo X36 4171X36 230 VOLTS 50 HERTZ 10 AMPS 6 BAR | X-Ray Inspection

  • Machinery Weight: 2017.21 lb
  • Capacity Details: 10-100m/min
  • Serial Number: 4171X36
  • Machinery Dimensions: 130.71 x 61.02 x 83.46 in
  • Model: X36
  • Manufacturer Name: Mettler Toledo
  • Current: 10 AMPS
  • Air Requirements: 6 BAR
  • Voltage: 230 VOLTS
  • Year: 2015
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Located in: Wales, United Kingdom

We buy Mettler Toledo X36 4171X36 230 VOLTS 50 HERTZ 10 AMPS 6 BAR in bulk. Click here to get a free valuation.

Selmi Costruzioni Meccaniche Ghana Top 230/460 VOLTS 50/60 HERTZ | Melters

  • Model: Ghana Top
  • Manufacturer Name: Selmi Costruzioni Meccaniche
  • Machinery Dimensions: 47.24 x 19.69 x 59.06 in
  • Machinery Weight: 1543.22 lb
  • Year: 1995
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Voltage: 230/460 VOLTS
  • Located in: Europe

We buy Selmi Costruzioni Meccaniche Ghana Top 230/460 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Omega Design 4D-SRP2-15-XL-DF 12-J44670 | Automatic Unscramblers

  • Machinery Weight: 4188.74 lb
  • Machinery Dimensions: 3.62 x 3.54 x 3.94 in
  • Serial Number: 12-J44670
  • Model: 4D-SRP2-15-XL-DF
  • Manufacturer Name: Omega Design
  • Year: 2012
  • CE Marked: NO
  • Located in: Israel

We buy Omega Design 4D-SRP2-15-XL-DF 12-J44670 in bulk. Click here to get a free valuation.

Mueller Company SL 004-037 551.15 lb 50/60 HERTZ 8 AMPS | Lifts

  • Machinery Dimensions: 72 x 36 x 72 IN
  • Model: SL
  • Serial Number: 004-037
  • Manufacturer Name: Mueller Company
  • Capacity Size: 551.15 lb
  • Operation: AUTOMATIC
  • Lifting Device: DRUM
  • Year: 2001
  • Machinery Weight: 1500 LBS
  • Current: 8 AMPS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: PR, USA

We buy Mueller Company SL 004-037 551.15 lb 50/60 HERTZ 8 AMPS in bulk. Click here to get a free valuation.

Cobalt TRS100 6024 50/60 HERTZ 90-182/180-264 VA | Analytical Equipment

  • Machinery Dimensions: 23 x 45 x 21 IN
  • Current: 90-182/180-264 VA
  • Manufacturing Technologies: Analitical
  • Model: TRS100
  • Serial Number: 6024
  • Manufacturer Name: Cobalt
  • Machinery Weight: 200 LBS
  • Recommended Packaging Form: CRATE
  • Year: 2015
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: PR, USA

We buy Cobalt TRS100 6024 50/60 HERTZ 90-182/180-264 VA in bulk. Click here to get a free valuation.