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

Surplus Machinery

Sorensen DLM20-30M9G 1529A01833,1447A00148 115-230 VOLTS 50/60 HERTZ 714 WATTS | Miscellaneous

  • Serial Number: 1529A01833,1447A00148
  • Machinery Dimensions: 38 x 9 x 2 IN
  • Current: 714 WATTS
  • Model: DLM20-30M9G
  • Manufacturer Name: Sorensen
  • Machinery Weight: 18 LBS
  • Voltage: 115-230 VOLTS
  • Recommended Packaging Form: 19C (22X15X13)
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy Sorensen DLM20-30M9G 1529A01833,1447A00148 115-230 VOLTS 50/60 HERTZ 714 WATTS in bulk. Click here to get a free valuation.

Arizona Instruments Computrac MAX-2000XL 27480 220 VOLTS 50/60 HERTZ | Moisture Analyzers

  • Machinery Dimensions: 20.47 x 11.42 x 9.06 in
  • Model: Computrac MAX-2000XL
  • Serial Number: 27480
  • Manufacturer Name: Arizona Instruments
  • Machinery Weight: 2.20 lb
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Sao Paulo, Brazil

We buy Arizona Instruments Computrac MAX-2000XL 27480 220 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

KMT Waterjet System Streamline SLV-150R 9.1 GPM 480 VOLTS 60 HERTZ | Misc. Machine Tools / Shop Equipment

  • Machinery Dimensions: 95 x 70 x 76 IN
  • Capacity Speed: 9.1 GPM
  • Model: Streamline SLV-150R
  • Manufacturer Name: KMT Waterjet System
  • Machinery Weight: 8800 LBS
  • Year: 2009
  • Recommended Packaging Form: CUSTOM
  • Voltage: 480 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy KMT Waterjet System Streamline SLV-150R 9.1 GPM 480 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Glatt VG25-C 6923 6.61 gal 400 VOLTS 50 HERTZ STAINLESS STEEL | Granulators

  • Machinery Dimensions: 43.31 x 82.68 x 64.96 in
  • Capacity Size: 6.61 gal
  • Serial Number: 6923
  • Model: VG25-C
  • Manufacturer Name: Glatt
  • Year: 2000
  • Voltage: 400 VOLTS
  • Machinery Weight: 1543.22 lb
  • Material of Construction: STAINLESS STEEL
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Germany

We buy Glatt VG25-C 6923 6.61 gal 400 VOLTS 50 HERTZ STAINLESS STEEL in bulk. Click here to get a free valuation.

Shimadzu LC 10AS | HPLC

  • Model: LC 10AS
  • Manufacturer Name: Shimadzu
  • Located in: North America

We buy Shimadzu LC 10AS in bulk. Click here to get a free valuation.

Comarme GEM F45RC 380 VOLTS 50 HERTZ 184 WATTS | Sealers

  • Machinery Dimensions: 118.11 x 55.12 x 78.74 in
  • Current: 184 WATTS
  • Model: GEM F45RC
  • Manufacturer Name: Comarme
  • Year: 1997
  • Machinery Weight: 440.92 lb
  • Voltage: 380 VOLTS
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Comarme GEM F45RC 380 VOLTS 50 HERTZ 184 WATTS in bulk. Click here to get a free valuation.

Burgess Food Machinery 240 VOLTS 50 HERTZ | Bakery Items

  • Manufacturer Name: Burgess Food Machinery
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Machinery Weight: 0.00 lb
  • Voltage: 240 VOLTS
  • Frequency: 50 HERTZ
  • Phase: 1
  • Located in: Europe

We buy Burgess Food Machinery 240 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Sorensen DLM20-30M9G 1423A04676,1331A04414 115-230 VOLTS 50/60 HERTZ 714 WATTS | Miscellaneous

  • Serial Number: 1423A04676,1331A04414
  • Machinery Dimensions: 38 x 9 x 2 IN
  • Current: 714 WATTS
  • Model: DLM20-30M9G
  • Manufacturer Name: Sorensen
  • Machinery Weight: 18 LBS
  • Voltage: 115-230 VOLTS
  • Recommended Packaging Form: 19C (22X15X13)
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy Sorensen DLM20-30M9G 1423A04676,1331A04414 115-230 VOLTS 50/60 HERTZ 714 WATTS in bulk. Click here to get a free valuation.

Steris 300-CED-1000 MOA45402/6 400 VOLTS 50 HERTZ 10 AMPS | Sterilizers

  • Machinery Dimensions: 59.06 x 47.24 x 74.80 in
  • Capacity Size: 8.6
  • Serial Number: MOA45402/6
  • Model: 300-CED-1000
  • Manufacturer Name: Steris
  • Machinery Weight: 881.84 lb
  • Current: 10 AMPS
  • Year: 2004
  • Voltage: 400 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe, Lithuania

We buy Steris 300-CED-1000 MOA45402/6 400 VOLTS 50 HERTZ 10 AMPS in bulk. Click here to get a free valuation.

Rohde and Schwarz CMW-Z24 101808 | Miscellaneous

  • Machinery Dimensions: 20 x 19 x 3 IN
  • Model: CMW-Z24
  • Serial Number: 101808
  • Manufacturer Name: Rohde and Schwarz
  • Machinery Weight: 9 Pounds
  • Recommended Packaging Form: 24C (28X24X22)
  • Located in: San Jose, CA, USA

We buy Rohde and Schwarz CMW-Z24 101808 in bulk. Click here to get a free valuation.

Sartorius LC 620 P 12840145 620 G 0.001 G 240 VOLTS 50 HERTZ | Scales

  • Platform Dimensions: 140 x 140 in
  • Capacity Size: 620 G
  • Model: LC 620 P
  • Serial Number: 12840145
  • Machinery Dimensions: 23.62 x 8.66 x 5.91 in
  • Degree of Precision: 0.001 G
  • Manufacturer Name: Sartorius
  • Machinery Weight: 8.82 lb
  • Voltage: 240 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Located in: Wales, United Kingdom

We buy Sartorius LC 620 P 12840145 620 G 0.001 G 240 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Thermonics T-2800 1301-840 | Miscellaneous

  • Machinery Weight: 609 LBS
  • Machinery Dimensions: 34 x 33 x 63 IN
  • Model: T-2800
  • Serial Number: 1301-840
  • Manufacturer Name: Thermonics
  • Recommended Packaging Form: CUSTOM
  • Located in: San Jose, CA, USA

We buy Thermonics T-2800 1301-840 in bulk. Click here to get a free valuation.

Gunther P/30/60 23172 380 VOLTS 16 AMPS | Injectors

  • Machinery Dimensions: 12.47 x 1 x 7.22 ft
  • Serial Number: 23172
  • Model: P/30/60
  • Manufacturer Name: Gunther
  • Current: 16 AMPS
  • Machinery Weight: 2645.52 lb
  • Voltage: 380 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Located in: Albania

We buy Gunther P/30/60 23172 380 VOLTS 16 AMPS in bulk. Click here to get a free valuation.

Jiangsu Black Leopard Machinery Manufacturing Co.,lLtd HB | Tissue Paper Lines

  • Machinery Dimensions: 78.74 x 98.43 x 9.84 ft
  • Capacity Speed: 270 CU FT/MIN
  • Model: HB
  • Manufacturer Name: Jiangsu Black Leopard Machinery Manufacturing Co.,lLtd
  • Machinery Weight: 15432.20 lb
  • Year: 2007
  • Recommended Packaging Form: PALLET
  • Located in: Europe

We buy Jiangsu Black Leopard Machinery Manufacturing Co.,lLtd HB in bulk. Click here to get a free valuation.

EuroPack 380 VOLTS 50 HERTZ 40A AMPS | Flow Wrappers

  • Current: 40A AMPS
  • Manufacturer Name: EuroPack
  • Machinery Dimensions: 0.04 x 0.04 x 0.04 in
  • Year: 1993
  • Voltage: 380 VOLTS
  • Machinery Weight: 2.20 lb
  • Frequency: 50 HERTZ
  • Phase: 3
  • Recommended Packaging Form: PALLET
  • Located in: Europe

We buy EuroPack 380 VOLTS 50 HERTZ 40A AMPS in bulk. Click here to get a free valuation.

Probst and Class K60/E 2190626 2.20 lb 2850 RPM 400 VOLTS L HERTZ 4.7 AMPS 0.04 in | Colloid Mills

  • Machinery Dimensions: 31.50 x 23.62 x 62.99 in
  • Screen Diameter: 0.04 in
  • Current: 4.7 AMPS
  • Frequency: L HERTZ
  • Material of Construction: L
  • Model: K60/E
  • Serial Number: 2190626
  • Manufacturer Name: Probst and Class
  • Phase: L
  • Capacity Speed: 2850 RPM
  • Screens Included: 1
  • CE Marked: L
  • Capacity Size: 2.20 lb
  • Machinery Weight: 132.28 lb
  • Voltage: 400 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Located in: Wales, United Kingdom

We buy Probst and Class K60/E 2190626 2.20 lb 2850 RPM 400 VOLTS L HERTZ 4.7 AMPS 0.04 in in bulk. Click here to get a free valuation.

Neri RO 1200 N6090007 PRESSURE SENSITIVE 400 VOLTS 50 HERTZ | Labelers

  • Machinery Dimensions: 157.48 x 78.74 x 86.61 in
  • Number of Labeling Heads: 12
  • Label Speed: 0
  • Model: RO 1200
  • Serial Number: N6090007
  • Manufacturer Name: Neri
  • Type of Labeler: ROTARY
  • Application Type: WRAP
  • Voltage: 400 VOLTS
  • Type of Label: PRESSURE SENSITIVE
  • Machinery Weight: 4409.20 lb
  • Year: 2009
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Wales, United Kingdom

We buy Neri RO 1200 N6090007 PRESSURE SENSITIVE 400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Uhlmann Pac Systeme GmbH and Co. KG 400 VOLTS | Thermoformers and Trim Presses

  • Machinery Dimensions: 112 x 40 x 89 IN
  • Machinery Weight: 1300 LBS
  • Manufacturer Name: Uhlmann Pac Systeme GmbH and Co. KG
  • Voltage: 400 VOLTS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: MA, USA

We buy Uhlmann Pac Systeme GmbH and Co. KG 400 VOLTS in bulk. Click here to get a free valuation.

Best Pack 3ALR-2 113107 220 VOLTS 50 HERTZ | Tapers

  • Serial Number: 113107
  • Machinery Dimensions: 80 x 35 x 64 IN
  • Model: 3ALR-2
  • Manufacturer Name: Best Pack
  • Machinery Weight: 661.38 lb
  • Year: 2011
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Phase: 1
  • Located in: Medan, Indonesia

We buy Best Pack 3ALR-2 113107 220 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Robopac L bar | L Bar Sealers

  • Machinery Dimensions: 137.80 x 47.24 x 62.99 in
  • Model: L bar
  • Manufacturer Name: Robopac
  • Machinery Weight: 1102.30 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Robopac L bar in bulk. Click here to get a free valuation.

Dominioni Punto e Pasta TQ250 | Pasta Making Equipment

  • Model: TQ250
  • Manufacturer Name: Dominioni Punto e Pasta
  • Machinery Dimensions: 47.24 x 39.37 x 59.06 in
  • Machinery Weight: 440.92 lb
  • Located in: Europe

We buy Dominioni Punto e Pasta TQ250 in bulk. Click here to get a free valuation.

Various 115 VOLTS 50/60 HERTZ | Shakers

  • Machinery Dimensions: 20 x 8 x 4 IN
  • Manufacturer Name: Various
  • Machinery Weight: 50 LBS
  • Voltage: 115 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: NC, USA

We buy Various 115 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Memmert GmbH Co.Kg 400 HY 75003080 CARBON STEEL N/A in 220 VOLTS 50/60 HERTZ 4.9 AMPS | Lab Ovens

  • Machinery Dimensions: 23.62 x 23.62 x 27.56 in
  • Chamber Dimensions: N/A in
  • Model: 400 HY
  • Serial Number: 75003080
  • Temperature Range: 300 DEG F
  • Current: 4.9 AMPS
  • Machinery Weight: 77.16 lb
  • Manufacturer Name: Memmert GmbH Co.Kg
  • Year: 1996
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Material of Construction: CARBON STEEL
  • Phase: 1
  • Located in: Antwerpen, Belgium

We buy Memmert GmbH Co.Kg 400 HY 75003080 CARBON STEEL N/A in 220 VOLTS 50/60 HERTZ 4.9 AMPS in bulk. Click here to get a free valuation.

IMA GIMA 595/6 5952GO and 59532GO 0.37 OZ 90 PSI | Horizontal Form Fill Seal Machines

  • Products Run: Single Serve Coffee Cups
  • Capacity Size: 0.37 OZ
  • Serial Number: 5952GO and 59532GO
  • Model: 595/6
  • Manufacturer Name: IMA GIMA
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Air Requirements: 90 PSI
  • Year: 2014
  • CE Marked: YES
  • Located in: WI, USA

We buy IMA GIMA 595/6 5952GO and 59532GO 0.37 OZ 90 PSI in bulk. Click here to get a free valuation.

Audio Precision ATS-1 ATS1-10196 100-120-220-240 VOLTS 50/60 HERTZ 500/250 MILLIAMPS | Miscellaneous

  • Serial Number: ATS1-10196
  • Machinery Dimensions: 18 x 15 x 6 IN
  • Current: 500/250 MILLIAMPS
  • Voltage: 100-120-220-240 VOLTS
  • Model: ATS-1
  • Manufacturer Name: Audio Precision
  • Machinery Weight: 20 LBS
  • Recommended Packaging Form: 20C (28X20X20)
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Hillsboro, OR, USA

We buy Audio Precision ATS-1 ATS1-10196 100-120-220-240 VOLTS 50/60 HERTZ 500/250 MILLIAMPS in bulk. Click here to get a free valuation.

Shimadzu CS-9301 PC S A5006 3500166 SA | Densitometers

  • Machinery Dimensions: 37 x 24 x 13 IN
  • Model: CS-9301 PC S
  • Serial Number: A5006 3500166 SA
  • Manufacturer Name: Shimadzu
  • Machinery Weight: 77 LBS
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Shimadzu CS-9301 PC S A5006 3500166 SA in bulk. Click here to get a free valuation.

Vibra Schultheiss SR 12/5-I-S 48242.002 STAINLESS STEEL 0.44 KW 380 VOLTS 60 HERTZ 1.16 AMPS | Sieves or Sifters

  • Machinery Dimensions: 82.68 x 41.34 x 31.50 in
  • Current: 1.16 AMPS
  • Horsepower: 0.44 KW
  • Model: SR 12/5-I-S
  • Serial Number: 48242.002
  • Manufacturer Name: Vibra Schultheiss
  • Number of Decks: 1
  • Machinery Weight: 881.84 lb
  • Voltage: 380 VOLTS
  • Material of Construction: STAINLESS STEEL
  • Year: 2006
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: SP, Brazil

We buy Vibra Schultheiss SR 12/5-I-S 48242.002 STAINLESS STEEL 0.44 KW 380 VOLTS 60 HERTZ 1.16 AMPS in bulk. Click here to get a free valuation.

Baratto B622 0 AMPS 0 VOLTS | Positive Displacement Pumps / Lobe

  • Machinery Dimensions: 31.50 x 15.75 x 70.87 in
  • Model: B622
  • Voltage: 0 VOLTS
  • Current: 0 AMPS
  • Manufacturer Name: Baratto
  • Machinery Weight: 440.92 lb
  • Year: 2011
  • CE Marked: YES
  • Located in: Hungary

We buy Baratto B622 0 AMPS 0 VOLTS in bulk. Click here to get a free valuation.

Extract Technology 9074/2 | Isolators

  • Machinery Dimensions: 74.80 x 55.12 x 90.55 in
  • Serial Number: 9074/2
  • Manufacturer Name: Extract Technology
  • Machinery Weight: 3306.90 lb
  • Year: 2008
  • CE Marked: YES
  • Located in: Beijing, China

We buy Extract Technology 9074/2 in bulk. Click here to get a free valuation.

Loma AS | Check Weighers

  • Model: AS
  • Manufacturer Name: Loma
  • Machinery Dimensions: 59.06 x 19.69 x 59.06 in
  • Machinery Weight: 1322.76 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

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

Thermo Ion GeneStudio S5 15 AMPS 50/60 HERTZ 110-240 VOLTS | Ion Chromatography

  • Machinery Dimensions: 35 x 34 x 40 IN
  • Model: Ion GeneStudio S5
  • Manufacturer Name: Thermo
  • Voltage: 110-240 VOLTS
  • Year: 2018
  • Machinery Weight: 250 LBS
  • Current: 15 AMPS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Recommended Packaging Form: PALLET
  • Located in: North America

We buy Thermo Ion GeneStudio S5 15 AMPS 50/60 HERTZ 110-240 VOLTS in bulk. Click here to get a free valuation.

Process Solutions OL54 21738E 1800 LBS 460 VOLTS 60 HERTZ 30 AMPS | Lifts

  • Serial Number: 21738E
  • Machinery Dimensions: 156 x 29 x 156 IN
  • Model: OL54
  • Capacity Size: 1800 LBS
  • Type of Lift: BIN OR TOTE
  • Manufacturer Name: Process Solutions
  • Lifting Device: FORK
  • Operation: AUTOMATIC
  • Current: 30 AMPS
  • Voltage: 460 VOLTS
  • Year: 2005
  • Machinery Weight: 2000 LBS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: PR, USA

We buy Process Solutions OL54 21738E 1800 LBS 460 VOLTS 60 HERTZ 30 AMPS in bulk. Click here to get a free valuation.

VIMA IMPIANTI TWIN VALVE BUTTERFLY VALVES ONE WAY STAINLESS STEEL | Valves

  • Machinery Dimensions: 6561.68 x 39.37 x 59.06 ft
  • Machinery Dimensions: 78.74 x 47.24 x 59.06 in
  • Model: TWIN VALVE
  • Manufacturer Name: VIMA IMPIANTI
  • Valve Type: BUTTERFLY VALVES
  • Type of Valve Control: ELECTRIC
  • Valve Flow: ONE WAY
  • Valve Material of Construction: STAINLESS STEEL
  • Machinery Weight: 330.69 lb
  • Machinery Weight: 440.92 lb
  • Year: 2007
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy VIMA IMPIANTI TWIN VALVE BUTTERFLY VALVES ONE WAY STAINLESS STEEL in bulk. Click here to get a free valuation.

Marchesini PS510 | Case Packers

  • Machinery Dimensions: 62.99 x 70.87 x 118.11 in
  • Model: PS510
  • Manufacturer Name: Marchesini
  • Machinery Weight: 3527.36 lb
  • Year: 2004
  • Located in: Europe

We buy Marchesini PS510 in bulk. Click here to get a free valuation.

Packservice PS160 V5079; 99030 0.00 in 230 VOLTS 50 HERTZ | Accumulators - Rotary Tables

  • Diameter: 0.00 in
  • Model: PS160
  • Serial Number: V5079; 99030
  • Manufacturer Name: Packservice
  • Machinery Dimensions: 39.37 x 39.37 x 47.24 in
  • Year: 1999
  • Voltage: 230 VOLTS
  • Machinery Weight: 551.15 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Located in: Austria

We buy Packservice PS160 V5079; 99030 0.00 in 230 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Anritsu Corporation MN7463B 6200947797,6200901991,6200901092 | Miscellaneous

  • Machinery Dimensions: 63 x 19 x 6 IN
  • Model: MN7463B
  • Serial Number: 6200947797,6200901991,6200901092
  • Manufacturer Name: Anritsu Corporation
  • Machinery Weight: 72 LBS
  • Recommended Packaging Form: 24C (28X24X22)
  • CE Marked: YES
  • Located in: San Jose, CA, USA

We buy Anritsu Corporation MN7463B 6200947797,6200901991,6200901092 in bulk. Click here to get a free valuation.

Miele 230-460 VOLTS | Assembly Packaging

  • Machinery Weight: 5500 LBS
  • Machinery Dimensions: 243 x 60 x 105 IN
  • Manufacturer Name: Miele
  • Voltage: 230-460 VOLTS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: MA, USA

We buy Miele 230-460 VOLTS in bulk. Click here to get a free valuation.

Fedegari ELECTRICALLY HEATED | Autoclaves

  • Machinery Dimensions: 33.46 x 39.37 x 74.80 in
  • Manufacturer Name: Fedegari
  • Heating or Cooling Source: ELECTRICALLY HEATED
  • Machinery Weight: 2204.60 lb
  • Located in: Europe

We buy Fedegari ELECTRICALLY HEATED in bulk. Click here to get a free valuation.

Techne TC-3000 115/230 VOLTS 50/60 HERTZ 4/2.5 AMPS | PCR and Thermal Cyclers

  • Machinery Dimensions: 13.19 x 7.28 x 7.28 in
  • Current: 4/2.5 AMPS
  • Model: TC-3000
  • Manufacturer Name: Techne
  • Voltage: 115/230 VOLTS
  • Machinery Weight: 33.07 lb
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Europe

We buy Techne TC-3000 115/230 VOLTS 50/60 HERTZ 4/2.5 AMPS in bulk. Click here to get a free valuation.

Square D | Miscellaneous

  • Machinery Dimensions: 30 x 30 x 36 IN
  • Manufacturer Name: Square D
  • Machinery Weight: 40 LBS
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

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