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

Surplus Machinery

KEMWALL ENGINEERING V25P15 | Fillers

  • Machinery Dimensions: 35.43 x 27.56 x 68.90 in
  • Model: V25P15
  • Manufacturer Name: KEMWALL ENGINEERING
  • Type of Filler: AUGER
  • Machinery Weight: 330.69 lb
  • Year: 2001
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy KEMWALL ENGINEERING V25P15 in bulk. Click here to get a free valuation.

PSM Inc. NPT-303-AJ NPT-303-AJ-20110922 Latest Version 220 VOLTS 50/60 HERTZ 20 AMPS | Miscellaneous

  • Machinery Dimensions: 32 x 21 x 53 IN
  • User Interface Date of Manufacture: 2011.03
  • User Interface Serial Number: 11X1103
  • Date of System Operating Software: 2011.08
  • Last Known Date of Operation: 2017.11
  • Date of Last PM: 2017.11
  • Model: NPT-303-AJ
  • Serial Number: NPT-303-AJ-20110922
  • Process Capability: Contact Angle - lower than 5 degrees (Reference Glass)
  • Output Media: Glass, PET/PI film, Polymer, Metal
  • Input Media: Glass, PET/PI film, Polymer, Metal
  • Temperature Range: Room Temperature DEG C
  • Type of Temperature Control: N/A
  • Type of System Interface (SECS GEM): CC-Link
  • Type of User Interface: HMI/PLC
  • Version of System Operating Software: Latest Version
  • Operating System: PSM O/S (Installed)
  • Manufacturer Name: PSM Inc.
  • Type of Media Handler: WAFER
  • Machinery Weight: 400 LBS
  • Year: 2011
  • Recommended Packaging Form: CRATE
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Current: 20 AMPS
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy PSM Inc. NPT-303-AJ NPT-303-AJ-20110922 Latest Version 220 VOLTS 50/60 HERTZ 20 AMPS 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.

Thermo Finnigan Trace 2000 | Gas Chromatographs (GC)

  • Model: Trace 2000
  • Manufacturer Name: Thermo Finnigan
  • Located in: North America

We buy Thermo Finnigan Trace 2000 in bulk. Click here to get a free valuation.

Harper International 230/460 VOLTS 50/60 HERTZ | Furnaces

  • Machinery Dimensions: 119 x 46 x 80 IN
  • Manufacturer Name: Harper International
  • Year: 1991
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Machinery Weight: 2000 LBS
  • Phase: 3
  • Voltage: 230/460 VOLTS
  • Located in: North America

We buy Harper International 230/460 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Rohde and Schwarz CMW500 150999 100-240 VOLTS 50/60 HERTZ 850 VA | Communication Testing Equipment

  • Serial Number: 150999
  • Machinery Dimensions: 21 x 19 x 8 IN
  • Current: 850 VA
  • Model: CMW500
  • Manufacturer Name: Rohde and Schwarz
  • Machinery Weight: 50 LBS
  • 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 150999 100-240 VOLTS 50/60 HERTZ 850 VA in bulk. Click here to get a free valuation.

Tektronix Inc. 3066 J310151 100-240 VOLTS 250 WATTS | Miscellaneous

  • Machinery Dimensions: 25 x 17 x 12 IN
  • Model: 3066
  • Serial Number: J310151
  • Manufacturer Name: Tektronix Inc.
  • Current: 250 WATTS
  • Machinery Weight: 54 LBS
  • Recommended Packaging Form: 20C (28X20X20)
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Located in: Hillsboro, OR, USA

We buy Tektronix Inc. 3066 J310151 100-240 VOLTS 250 WATTS in bulk. Click here to get a free valuation.

FICEP Corporation CB400 | Fabricating Machines

  • Machinery Weight: 80000 LBS
  • Machinery Dimensions: 406.61 x 157.48 x 60.24 in
  • Model: CB400
  • Manufacturer Name: FICEP Corporation
  • Year: 1998
  • Located in: North America

We buy FICEP Corporation CB400 in bulk. Click here to get a free valuation.

Imaje Jaime 1000 S4 0160217A 50/60 HERTZ | Printers

  • Machinery Dimensions: 21.65 x 29.53 x 62.99 in
  • Current: 1.5 / 0.85 AMPS
  • Voltage: 100-120 / 200-240 VOLTS
  • Model: Jaime 1000 S4
  • Serial Number: 0160217A
  • Manufacturer Name: Imaje
  • Machinery Weight: 330.69 lb
  • Year: 2000
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Mexico DF, Mexico

We buy Imaje Jaime 1000 S4 0160217A 50/60 HERTZ in bulk. Click here to get a free valuation.

COPRINOX STAINLESS STEEL 872.06 gal 1 BAR | Reactors

  • Machinery Weight: 826.73 lb
  • Machinery Dimensions: 61.02 x 61.02 x 78.74 in
  • Capacity of Reactor: 872.06 gal
  • Grade of Stainless Steel: 304
  • Manufacturer Name: COPRINOX
  • Internal Pressure Rating: 1 BAR
  • Agitator Location: TOP
  • Agitation: YES
  • Reactor Material of Construction: STAINLESS STEEL
  • Located in: Europe

We buy COPRINOX STAINLESS STEEL 872.06 gal 1 BAR in bulk. Click here to get a free valuation.

Aczet Pvt.Ltd. CY 124 | Balances

  • Model: CY 124
  • Manufacturer Name: Aczet Pvt.Ltd.
  • Located in: North America

We buy Aczet Pvt.Ltd. CY 124 in bulk. Click here to get a free valuation.

Imaje Jaime 1000 S4 120 VOLTS 60 HERTZ 1.5 AMPS INK JET | Printing or Code Markers

  • Machinery Dimensions: 2 x 2 x 5 FT
  • Model: Jaime 1000 S4
  • Manufacturer Name: Imaje
  • Current: 1.5 AMPS
  • Year: 2000
  • Method of Code Dater: INK JET
  • Machinery Weight: 500 LBS
  • CE Marked: YES
  • Phase: 1
  • Voltage: 120 VOLTS
  • Frequency: 60 HERTZ
  • Recommended Packaging Form: PALLET
  • Located in: North America

We buy Imaje Jaime 1000 S4 120 VOLTS 60 HERTZ 1.5 AMPS INK JET in bulk. Click here to get a free valuation.

UVP C-10E 95-0072-08 240 VOLTS 50 HERTZ | Light Sources-Forensic

  • Machinery Dimensions: 10.24 x 9.06 x 12.99 in
  • Model: C-10E
  • Serial Number: 95-0072-08
  • Manufacturer Name: UVP
  • Machinery Weight: 4.41 lb
  • Voltage: 240 VOLTS
  • Year: 2010
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Located in: Italy

We buy UVP C-10E 95-0072-08 240 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Caliper Life Sciences T20428N0237 250 VOLTS 50/60 HERTZ | Microplate Readers

  • Serial Number: T20428N0237
  • Machinery Dimensions: 29.53 x 29.53 x 39.37 in
  • Manufacturer Name: Caliper Life Sciences
  • Voltage: 250 VOLTS
  • Machinery Weight: 110.23 lb
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Antwerpen, Belgium

We buy Caliper Life Sciences T20428N0237 250 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Waters 2487 K97487 415N 100-240 VOLTS 50/60 HERTZ 145 WATTS | Miscellaneous

  • Serial Number: K97487 415N
  • Machinery Dimensions: 20 x 12 x 8 IN
  • Current: 145 WATTS
  • Model: 2487
  • Manufacturer Name: Waters
  • Machinery Weight: 20 LBS
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy Waters 2487 K97487 415N 100-240 VOLTS 50/60 HERTZ 145 WATTS in bulk. Click here to get a free valuation.

Clifton Europack J 11-EPJ-101 18 BPM 240 VOLTS 50/60 HERTZ 1.2 KW | Fillers

  • Machinery Dimensions: 78.74 x 47.24 x 47.24 in
  • Current: 1.2 KW
  • Air Requirements: 5.3 CU FT/MIN
  • Max operating speed: 18 BPM
  • Application Range (Ex Min/Max Range Size Bottles or Tubes, Shape of Bottle): Bag Width 100 mm - 280 mm Bag Length 150 mm - 360 mm
  • Current Application (Products,Sizes Run and Shape of Bottle): Stand up pouch
  • Model: Europack J
  • Serial Number: 11-EPJ-101
  • Manufacturer Name: Clifton
  • Number of heads: 1
  • Type of Filler: GRAVITY
  • Voltage: 240 VOLTS
  • Machinery Weight: 440.92 lb
  • Year: 2011
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: SK, Canada

We buy Clifton Europack J 11-EPJ-101 18 BPM 240 VOLTS 50/60 HERTZ 1.2 KW in bulk. Click here to get a free valuation.

Autopak XAEJ325 AUT001311#4 SCREW CONVEYOR | Conveyors

  • Machinery Dimensions: 120 x 24 x 50 IN
  • Type of Conveyors: SCREW CONVEYOR
  • Model: XAEJ325
  • Serial Number: AUT001311#4
  • Manufacturer Name: Autopak
  • Voltage: VOLTS
  • Machinery Weight: 200 LBS
  • Year: 2005
  • Recommended Packaging Form: CUSTOM
  • Located in: PR, USA

We buy Autopak XAEJ325 AUT001311#4 SCREW CONVEYOR in bulk. Click here to get a free valuation.

Spex Inc 8000D HIGH INTENSITY 110-120 VOLTS | Mixers

  • Machinery Dimensions: 40 x 48 x 24 IN
  • Model: 8000D
  • Manufacturer Name: Spex Inc
  • Voltage: 110-120 VOLTS
  • Type of mixer: HIGH INTENSITY
  • Frequency: 50/60
  • Machinery Weight: 200 LBS
  • CE Marked: YES
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: North America

We buy Spex Inc 8000D HIGH INTENSITY 110-120 VOLTS in bulk. Click here to get a free valuation.

Hinds Bock SP-64 36802A | Fillers

  • Machinery Dimensions: 44 x 20 x 83 IN
  • Model: SP-64
  • Serial Number: 36802A
  • Manufacturer Name: Hinds Bock
  • Number of heads: 1
  • Machinery Weight: 650 LBS
  • Year: 2018
  • Type of Filler: PISTON
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Located in: FL, USA

We buy Hinds Bock SP-64 36802A in bulk. Click here to get a free valuation.

Gough Econ Custom Build | Screeners

  • Machinery Weight: 2384 LBS
  • Machinery Dimensions: 106 x 72.375 x 67.125 IN
  • Screens Included: 1
  • Model: Custom Build
  • Manufacturer Name: Gough Econ
  • Year: 2017
  • Recommended Packaging Form: PALLET
  • Located in: North America

We buy Gough Econ Custom Build in bulk. Click here to get a free valuation.

Multi Tech Systems International 073-720-18 Plastic Bottles 6-7 BAR 440 VOLTS 60 HERTZ 27.6 AMPS | Labelers

  • Machinery Dimensions: 236.22 x 84.65 x 98.43 in
  • Current: 27.6 AMPS
  • Capacity Details: Individual Label with hot melt glue
  • Location of Labels on Product: On bottle side
  • Model: 073-720-18
  • Manufacturer Name: Multi Tech Systems International
  • Products Run: Plastic Bottles
  • Imprinter or Coder: No
  • Type of Label: PAPER
  • Type of Labeler: ROTARY
  • Voltage: 440 VOLTS
  • Air Requirements: 6-7 BAR
  • Year: 2004
  • Machinery Weight: 5511.50 lb
  • Application Type: WIPE/MERGE
  • Number of Labeling Heads: 1
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Latin America

We buy Multi Tech Systems International 073-720-18 Plastic Bottles 6-7 BAR 440 VOLTS 60 HERTZ 27.6 AMPS in bulk. Click here to get a free valuation.

Thermo Electron Corporation Iems 115-230 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 15.75 x 23.62 x 19.69 in
  • Model: Iems
  • Manufacturer Name: Thermo Electron Corporation
  • Voltage: 115-230 VOLTS
  • Machinery Weight: 99.21 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Thermo Electron Corporation Iems 115-230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Jupiter 885 00749. | Food Grinders

  • Machinery Dimensions: 13.78 x 7.87 x 15.75 in
  • Model: 885
  • Serial Number: 00749.
  • Manufacturer Name: Jupiter
  • Machinery Weight: 11.02 lb
  • Recommended Packaging Form: 24C (28X24X22)
  • CE Marked: YES
  • Located in: Wales, United Kingdom

We buy Jupiter 885 00749. in bulk. Click here to get a free valuation.

Groen | Miscellaneous

  • Machinery Weight: 258 LBS
  • Machinery Dimensions: 31 x 27 x 45 IN
  • Manufacturer Name: Groen
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: San Jose, CA, USA

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

Engel VICTORY 200/50 480 VOLTS | Injection Molders

  • Machinery Dimensions: 141.34 x 50.83 x 70.08 in
  • Model: VICTORY 200/50
  • Manufacturer Name: Engel
  • Machinery Weight: 11463.92 lb
  • CE Marked: YES
  • Voltage: 480 VOLTS
  • Phase: 3
  • Located in: Latin America

We buy Engel VICTORY 200/50 480 VOLTS in bulk. Click here to get a free valuation.

Accurate | Miscellaneous

  • Machinery Weight: 500 LBS
  • Machinery Dimensions: 36 x 42 x 36 IN
  • Manufacturer Name: Accurate
  • Located in: Lakeville, MN, USA

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

Mettler Toledo B342896480 230 VOLTS 50/60 HERTZ | Balances

  • Machinery Dimensions: 23.62 x 15.75 x 13.78 in
  • Serial Number: B342896480
  • Machinery Weight: 30.86 lb
  • Manufacturer Name: Mettler Toledo
  • Capacity Size: lb
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Wales, United Kingdom

We buy Mettler Toledo B342896480 230 VOLTS 50/60 HERTZ 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.

CAM SMP SIDE LOAD 415 VOLTS 50 HERTZ | Case Packers

  • Machinery Dimensions: 110.24 x 86.61 x 78.74 in
  • Case Size or Range: 200mm to 550mm, width 120mm to 350mm
  • Model: SMP
  • Case Sealing: TAPE
  • Type of Packer: SIDE LOAD
  • Manufacturer Name: CAM
  • Voltage: 415 VOLTS
  • Year: 2003
  • Machinery Weight: 4409.20 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Bucks, United Kingdom

We buy CAM SMP SIDE LOAD 415 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

IKA 230 VOLTS 50/60 HERTZ | Lab Mixers

  • Machinery Dimensions: 25.20 x 7.87 x 31.50 in
  • Manufacturer Name: IKA
  • Machinery Weight: 44.09 lb
  • Voltage: 230 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Germany

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

Thermo Electron Corporation 2872 120 VOLTS 50/60 HERTZ | Waterbaths and Circulators

  • Machinery Dimensions: 35 x 14 x 10 IN
  • Model: 2872
  • Manufacturer Name: Thermo Electron Corporation
  • Machinery Weight: 100 LBS
  • Year: 2012
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Voltage: 120 VOLTS
  • Located in: North America

We buy Thermo Electron Corporation 2872 120 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Krones Checkmat 731 K731-937 230 VOLTS 50/60 HERTZ | Inspection Machines

  • Machinery Dimensions: 48 x 36 x 72 IN
  • Model: Checkmat 731
  • Type of Inspection: PRINT IMAGE VERIFICATION
  • Serial Number: K731-937
  • Heating Cooling Requirements: none
  • Manufacturer Name: Krones
  • Machinery Weight: 750 LBS
  • Year: 2008
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: CA, USA

We buy Krones Checkmat 731 K731-937 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Kramer 80 | Tablet Dedusters

  • Machinery Dimensions: 19.69 x 19.69 x 39.37 in
  • Model: 80
  • Manufacturer Name: Kramer
  • Machinery Weight: 110.23 lb
  • Located in: Europe

We buy Kramer 80 in bulk. Click here to get a free valuation.

Cummins JSPF62.5FL CJES-14050741 1 SCFM | Diesel Generators

  • Machinery Dimensions: 118.11 x 47.24 x 59.06 in
  • Capacity Size: 1 SCFM
  • Serial Number: CJES-14050741
  • Model: JSPF62.5FL
  • Manufacturer Name: Cummins
  • Fuel Type: DIESEL
  • Machinery Weight: 5511.50 lb
  • Year: 2014
  • Recommended Packaging Form: CUSTOM
  • Located in: Assam, India

We buy Cummins JSPF62.5FL CJES-14050741 1 SCFM in bulk. Click here to get a free valuation.

Rice Lake Weighing Systems 38007 | Miscellaneous

  • Serial Number: 38007
  • Manufacturer Name: Rice Lake Weighing Systems
  • Machinery Dimensions: 12 x 8 x 4 IN
  • Machinery Weight: 4 LBS
  • Recommended Packaging Form: 12C (12X12X12)
  • Located in: Forest, VA, USA

We buy Rice Lake Weighing Systems 38007 in bulk. Click here to get a free valuation.

H2O TEK Hultra 24L Hultra15200911-00117 6.34 gal 60 HERTZ 10 AMPS 240 VOLTS | Humidifier/Dehumidifiers

  • Machinery Dimensions: 41.34 x 33.46 x 35.43 in
  • Model: Hultra 24L
  • Serial Number: Hultra15200911-00117
  • Manufacturer Name: H2O TEK
  • Capacity Size: 6.34 gal
  • Voltage: 240 VOLTS
  • Current: 10 AMPS
  • Machinery Weight: 220.46 lb
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: Mexico DF, Mexico

We buy H2O TEK Hultra 24L Hultra15200911-00117 6.34 gal 60 HERTZ 10 AMPS 240 VOLTS in bulk. Click here to get a free valuation.

Unknown 0.26 gal | Hoppers

  • Machinery Dimensions: 59.06 x 59.06 x 98.43 in
  • Capacity Size: 0.26 gal
  • Machinery Weight: 2204.60 lb
  • Located in: Medan, Indonesia

We buy Unknown 0.26 gal 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.

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.

ViscoTec 2VFL40 1725 RPM 2.2 KW 60 HERTZ 220 VOLTS | Positive Displacement Pumps / Lobe

  • Machinery Dimensions: 40.67 x 34.84 x 5.91 in
  • Model: 2VFL40
  • Manufacturer Name: ViscoTec
  • Capacity Speed: 1725 RPM
  • Current: 2.2 KW
  • Machinery Weight: 154.32 lb
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Queretaro, Mexico

We buy ViscoTec 2VFL40 1725 RPM 2.2 KW 60 HERTZ 220 VOLTS in bulk. Click here to get a free valuation.