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

Surplus Machinery

RBS Equipment Designs RALS 38-0036 120 VOLTS 60 HERTZ | L Bar Sealers

  • Machinery Weight: 1500 Pounds
  • Machinery Dimensions: 8 x 6 x 6 IN
  • Serial Number: 38-0036
  • Model: RALS
  • Manufacturer Name: RBS Equipment Designs
  • CE Marked: NO
  • Phase: 1
  • Voltage: 120 VOLTS
  • Recommended Packaging Form: CUSTOM PALLET
  • Frequency: 60 HERTZ
  • Located in: Canada

We buy RBS Equipment Designs RALS 38-0036 120 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Rommelag Bottle Pack 6-7 BAR Electrical Heating 440 VOLTS 60 HERTZ | Vertical Form Fill Seal Machines

  • Machinery Weight: 34832.68 lb
  • Machinery Dimensions: 543.31 x 129.92 x 192.91 in
  • Heating Cooling Requirements: Electrical Heating
  • Products Run: Fruit Juice on Pet Bottle
  • Model: Bottle Pack
  • Manufacturer Name: Rommelag
  • Voltage: 440 VOLTS
  • Air Requirements: 6-7 BAR
  • Capacity Size: lb
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Latin America

We buy Rommelag Bottle Pack 6-7 BAR Electrical Heating 440 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Seram S.r.l VFFS FAIRY 115 30 CPM 50 HERTZ | Vertical Form Fill Seal Machines

  • Machinery Weight: 3615.54 lb
  • Machinery Dimensions: 95.28 x 47.24 x 118.11 in
  • Capacity Speed: 30 CPM
  • Model: VFFS FAIRY 115
  • Manufacturer Name: Seram S.r.l
  • Year: 2000
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Seram S.r.l VFFS FAIRY 115 30 CPM 50 HERTZ in bulk. Click here to get a free valuation.

Tanis Food Tec RP400 Twin 50 HERTZ 22 KW | Food Equipment

  • Machinery Dimensions: 94.49 x 78.74 x 64.96 in
  • Model: RP400 Twin
  • Manufacturer Name: Tanis Food Tec
  • Current: 22 KW
  • Year: 2000
  • Machinery Weight: 2204.60 lb
  • Frequency: 50 HERTZ
  • Phase: 3
  • Located in: Europe

We buy Tanis Food Tec RP400 Twin 50 HERTZ 22 KW in bulk. Click here to get a free valuation.

Trane 135/02 AHU 20a 400 VOLTS 50 HERTZ | Air Handlers

  • Machinery Dimensions: 350.39 x 157.48 x 149.61 in
  • Model: 135/02
  • Serial Number: AHU 20a
  • Manufacturer Name: Trane
  • Machinery Weight: 9920.70 lb
  • Capacity Size: lb
  • Phase: 3+1
  • Voltage: 400 VOLTS
  • Year: 2011
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Located in: Greece

We buy Trane 135/02 AHU 20a 400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

GE Water and Process Technologies RO Titan-72 08-2885364A-01 133 GPM | Miscellaneous

  • Serial Number: 08-2885364A-01
  • Machinery Dimensions: 288 x 72 x 106 IN
  • Capacity Speed: 133 GPM
  • Model: RO Titan-72
  • Manufacturer Name: GE Water and Process Technologies
  • Machinery Weight: 4000 LBS
  • Located in: Skull Valley, UT, USA

We buy GE Water and Process Technologies RO Titan-72 08-2885364A-01 133 GPM in bulk. Click here to get a free valuation.

Gavardo Caldaie Srl OMG600 1000 KG/HR 11.76 BAR 400 VOLTS 697 KW | Steam Generators

  • Machinery Dimensions: 94.49 x 45.28 x 53.15 in
  • Current: 697 KW
  • Capacity Details: 1000 kg/ h
  • Air Requirements: 11.76 BAR
  • Model: OMG600
  • Capacity Size: 1000 kg/ h lb
  • Manufacturer Name: Gavardo Caldaie Srl
  • Capacity Speed: 1000 KG/HR
  • Frequency: 50
  • Voltage: 400 VOLTS
  • Machinery Weight: 2204.60 lb
  • Year: 2001
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy Gavardo Caldaie Srl OMG600 1000 KG/HR 11.76 BAR 400 VOLTS 697 KW in bulk. Click here to get a free valuation.

Mettler Toledo XP603S B138265386, B138263419 610 G 230 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 15.75 x 9.06 x 15.75 in
  • Capacity Size: 610 G
  • Serial Number: B138265386, B138263419
  • Model: XP603S
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 15.43 lb
  • Year: 2011
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Mettler Toledo XP603S B138265386, B138263419 610 G 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Mixing Vessels - Custom N/A STAINLESS STEEL 196.85 ft 459.32 ft 3.28 ft | Mixing Vessels

  • Machinery Dimensions: 6.56 x 0.00 x 6.56 ft
  • Inside Diameter: 196.85 ft
  • Overall Height: 459.32 ft
  • Manufacturer Name: Mixing Vessels - Custom
  • Straight Side: 3.28 ft
  • Model: n/a
  • Type of Bottom Head: FLAT
  • Type of Top Head: FLAT
  • Tank Material of Construction: STAINLESS STEEL
  • Machinery Weight: 2204.60 lb
  • Agitation: NO
  • Jacketed: NO
  • Located in: Europe

We buy Mixing Vessels - Custom N/A STAINLESS STEEL 196.85 ft 459.32 ft 3.28 ft in bulk. Click here to get a free valuation.

Produce Sorters International 4LIVGT30 91291 1000 LBS 3500 L/HR 480 VOLTS | Classifiers

  • Machinery Dimensions: 30 x 6 x 5.90 FT
  • Capacity Speed: 3500 L/HR
  • Serial Number: 91291
  • Model: 4LIVGT30
  • Manufacturer Name: Produce Sorters International
  • Capacity Size: 1000 LBS
  • CE Marked: SÍ
  • Frequency: 60
  • Machinery Weight: 3000 LBS
  • Year: 2006
  • Recommended Packaging Form: EMBALAJE EN CAJA DE MADERA
  • Voltage: 480 VOLTS
  • Phase: 3
  • Located in: Mexico

We buy Produce Sorters International 4LIVGT30 91291 1000 LBS 3500 L/HR 480 VOLTS in bulk. Click here to get a free valuation.

Prolec 750 KVA | Transformers

  • Machinery Dimensions: 78.74 x 78.74 x 98.43 in
  • KVA: 750
  • Model: 750 KVA
  • Manufacturer Name: Prolec
  • Type of Transformer: DRY
  • Machinery Weight: 4409.20 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Guanajuato, Mexico

We buy Prolec 750 KVA in bulk. Click here to get a free valuation.

Electroglas, Inc. 4090u | Prober

  • Machinery Weight: 1961 LBS
  • Machinery Dimensions: 106 x 50 x 68 IN
  • Operating System: DOS
  • Process Capability: 150mm and 200mm
  • Model: 4090u
  • Manufacturer Name: Electroglas, Inc.
  • Year: 2002
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Electroglas, Inc. 4090u in bulk. Click here to get a free valuation.

Gericke RH HP 4111 0.26 gal | Hoppers

  • Model: RH HP 4111
  • Machinery Dimensions: 59.06 x 59.06 x 98.43 in
  • Capacity Size: 0.26 gal
  • Manufacturer Name: Gericke
  • Machinery Weight: 2204.60 lb
  • Located in: Medan, Indonesia

We buy Gericke RH HP 4111 0.26 gal in bulk. Click here to get a free valuation.

AZO S65 STAINLESS STEEL AIR CONVEYOR | Conveyors

  • Machinery Dimensions: 70.87 x 51.18 x 78.74 in
  • Model: S65
  • Type of Conveyors: AIR CONVEYOR
  • Manufacturer Name: AZO
  • Machinery Weight: 1102.30 lb
  • Material of Construction: STAINLESS STEEL
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy AZO S65 STAINLESS STEEL AIR CONVEYOR in bulk. Click here to get a free valuation.

Tecno Europa Minimunera 150 G 100 CPM 120/230 VOLTS 50/60 HERTZ 10 AMPS | Check Weighers

  • Model: Minimunera
  • Manufacturer Name: Tecno Europa
  • Data Recording: NO
  • Machinery Dimensions: 47.24 x 47.24 x 70.87 in
  • Auto Reject: YES
  • Capacity Size: 150 G
  • Capacity Speed: 100 CPM
  • Year: 1993
  • Current: 10 AMPS
  • Machinery Weight: 500 LBS
  • Voltage: 120/230 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 1
  • Located in: Europe

We buy Tecno Europa Minimunera 150 G 100 CPM 120/230 VOLTS 50/60 HERTZ 10 AMPS in bulk. Click here to get a free valuation.

Lab Tech H150-3000 Series | Miscellaneous Lab Equipment

  • Model: H150-3000 Series
  • Manufacturer Name: Lab Tech
  • Located in: North America

We buy Lab Tech H150-3000 Series in bulk. Click here to get a free valuation.

ACE World Companies C13-000013 45 FT 10 TONS | Miscellaneous

  • Serial Number: C13-000013
  • Machinery Dimensions: 45 x 7 x 5 FT
  • Capacity Size: 10 TONS
  • Span width: 45 FT
  • Lift Style: ELECTRIC
  • Manufacturer Name: ACE World Companies
  • Machinery Weight: 5000 LBS
  • Located in: Skull Valley, UT, USA

We buy ACE World Companies C13-000013 45 FT 10 TONS in bulk. Click here to get a free valuation.

Metrohm 867 1867001011131 100/240 VOLTS 50/60 HERTZ | pH Meters

  • Machinery Dimensions: 9.06 x 5.51 x 4.33 in
  • Model: 867
  • Serial Number: 1867001011131
  • Manufacturer Name: Metrohm
  • Voltage: 100/240 VOLTS
  • Machinery Weight: 2.20 lb
  • Year: 2015
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Switzerland

We buy Metrohm 867 1867001011131 100/240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Piab L500 4-7 BAR STAINLESS STEEL VACUUM CONVEYOR | Conveyors

  • Machinery Dimensions: 39.37 x 31.50 x 59.06 in
  • Air Requirements: 4-7 BAR
  • Model: L500
  • Manufacturer Name: Piab
  • Type of Conveyors: VACUUM CONVEYOR
  • Machinery Weight: 220.46 lb
  • Material of Construction: STAINLESS STEEL
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Piab L500 4-7 BAR STAINLESS STEEL VACUUM CONVEYOR in bulk. Click here to get a free valuation.

WATERS Alliance 2795 and 474 | HPLC

  • Model: 2795 and 474
  • Manufacturer Name: WATERS Alliance
  • Located in: North America

We buy WATERS Alliance 2795 and 474 in bulk. Click here to get a free valuation.

Manesty Flowtab | Controllers

  • Machinery Dimensions: 39.37 x 31.38 x 51.18 in
  • Model: Flowtab
  • Manufacturer Name: Manesty
  • Type of Controller: ELECTRICAL
  • Machinery Weight: 330.69 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

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

Tektronix Inc. TLA 721 B030437 | Communication Testing Equipment

  • Machinery Dimensions: 17 x 20 x 14 IN
  • Model: TLA 721
  • Serial Number: B030437
  • Manufacturer Name: Tektronix Inc.
  • Recommended Packaging Form: 20C
  • Machinery Weight: 50 LBS
  • CE Marked: YES
  • Located in: CA, USA

We buy Tektronix Inc. TLA 721 B030437 in bulk. Click here to get a free valuation.

Promec Stand Alone 4 head ROTARY PLACER 8000 BPH 380 VOLTS 50 HERTZ | Cappers

  • Machinery Dimensions: 51.18 x 90.55 x 100.39 in
  • Model: Stand Alone 4 head
  • Manufacturer Name: Promec
  • Type of Capping: ROTARY PLACER
  • Capacity Speed: 8000 BPH
  • Type of Capper: ROTARY
  • Year: 2000
  • Voltage: 380 VOLTS
  • Machinery Weight: 220.46 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Europe

We buy Promec Stand Alone 4 head ROTARY PLACER 8000 BPH 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Millipore YFPS 220 2089997 220 VOLTS 50 HERTZ 9 AMPS | Water Purification and Still Systems

  • Machinery Dimensions: 51.18 x 27.56 x 43.31 in
  • Model: YFPS 220
  • Serial Number: 2089997
  • Manufacturer Name: Millipore
  • Current: 9 AMPS
  • Machinery Weight: 220.46 lb
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Switzerland

We buy Millipore YFPS 220 2089997 220 VOLTS 50 HERTZ 9 AMPS in bulk. Click here to get a free valuation.

National Instruments Co USB-6363 X Series 170CC38 30 WATTS | Miscellaneous

  • Serial Number: 170CC38
  • Machinery Dimensions: 8 x 7 x 2 IN
  • Current: 30 WATTS
  • Voltage: 11-30 DC VOLTS
  • Model: USB-6363 X Series
  • Manufacturer Name: National Instruments Co
  • Machinery Weight: 1 LBS
  • Recommended Packaging Form: 12C (12X12X12)
  • CE Marked: YES
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy National Instruments Co USB-6363 X Series 170CC38 30 WATTS in bulk. Click here to get a free valuation.

Hitachi L-7400 230 VOLTS 50/60 HERTZ 150 WATTS | HPLC

  • Machinery Dimensions: 33.07 x 23.62 x 25.59 in
  • Current: 150 WATTS
  • Model: L-7400
  • Type of Pump for HPLC: ISOCRATIC
  • Manufacturer Name: Hitachi
  • Type of Detector for HPLC: UV/VIS
  • Machinery Weight: 330.69 lb
  • Year: 2004
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Poland

We buy Hitachi L-7400 230 VOLTS 50/60 HERTZ 150 WATTS in bulk. Click here to get a free valuation.

Agilent Technologies 3499A MY42002840 | Miscellaneous

  • Machinery Weight: 13 Pounds
  • Machinery Dimensions: 18 x 17 x 4 IN
  • Serial Number: MY42002840
  • Model: 3499A
  • Manufacturer Name: Agilent Technologies
  • Recommended Packaging Form: 20C (28X20X20)
  • CE Marked: YES
  • Located in: San Jose, CA, USA

We buy Agilent Technologies 3499A MY42002840 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.

NNP Corporation 52.85 gal PROP STYLE | Stainless Steel Kettles

  • Type of Agitation: PROP STYLE
  • Capacity Size: 52.85 gal
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 ft
  • Manufacturer Name: NNP Corporation
  • Machinery Weight: 0.00 lb
  • Located in: Europe

We buy NNP Corporation 52.85 gal PROP STYLE in bulk. Click here to get a free valuation.

Angstrom Inc TF Probe Series 120 VOLTS 60 HERTZ | Refractometers

  • Machinery Weight: 100 Pounds
  • Machinery Dimensions: 18 x 30 x 24 IN
  • Model: TF Probe Series
  • Manufacturer Name: Angstrom Inc
  • Phase: 1
  • Voltage: 120 VOLTS
  • Frequency: 60 HERTZ
  • Located in: IL, USA

We buy Angstrom Inc TF Probe Series 120 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Sullair SR-75 02250128-195 2940570010 115 VOLTS 232 PSI 9.6 AMPS 60 HERTZ CARBON STEEL | Air Dryers

  • Machinery Dimensions: 14.17 x 27.56 x 27.56 in
  • Pressure Rating (Pressure): 232 PSI
  • Pressure Rating (Temperature): 60 DEG C
  • Model: SR-75 02250128-195
  • Serial Number: 2940570010
  • Manufacturer Name: Sullair
  • Current: 9.6 AMPS
  • Refrigerated: YES
  • Voltage: 115 VOLTS
  • Machinery Weight: 132.28 lb
  • Year: 2005
  • Recommended Packaging Form: CUSTOM
  • Material of Construction: CARBON STEEL
  • CE Marked: NO
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: Durango, Mexico

We buy Sullair SR-75 02250128-195 2940570010 115 VOLTS 232 PSI 9.6 AMPS 60 HERTZ CARBON STEEL in bulk. Click here to get a free valuation.

Perkin Elmer Autosystem XL 610N9051112 240 VOLTS 50/60 HERTZ | Miscellaneous

  • Serial Number: 610N9051112
  • Machinery Dimensions: 25.59 x 28.74 x 30.31 in
  • Model: Autosystem XL
  • Voltage: 240 VOLTS
  • Machinery Weight: 220.46 lb
  • Manufacturer Name: Perkin Elmer
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Basel, Basel, Switzerland

We buy Perkin Elmer Autosystem XL 610N9051112 240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

New Brunswick Scientific Bio Flo 110 400768370 | Miscellaneous

  • Serial Number: 400768370
  • Machinery Dimensions: 220.47 x 15.75 x 27.56 in
  • Model: Bio Flo 110
  • Manufacturer Name: New Brunswick Scientific
  • Machinery Weight: 1234.58 lb
  • CE Marked: YES
  • Located in: Basel, Basel, Switzerland

We buy New Brunswick Scientific Bio Flo 110 400768370 in bulk. Click here to get a free valuation.

Etipack SIST 9/V 6 BAR 220 VOLTS 50 HERTZ 2 AMPS | Labelers

  • Machinery Dimensions: 157.48 x 47.24 x 70.87 in
  • Products Run: Cards, envelopes, leaflets, flat boxes
  • Model: SIST 9/V
  • Manufacturer Name: Etipack
  • Location of Labels on Product: Side
  • Current: 2 AMPS
  • Year: 1988
  • Machinery Weight: 3306.90 lb
  • Air Requirements: 6 BAR
  • Application Type: WIPE/MERGE
  • Number of Labeling Heads: 1
  • Type of Labeler: INLINE
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Phase: 1
  • Located in: Europe

We buy Etipack SIST 9/V 6 BAR 220 VOLTS 50 HERTZ 2 AMPS in bulk. Click here to get a free valuation.

Tetra Pak Straw Applicator 21 75644/01107 6-7 BAR | Miscellaneous Packaging Equipment

  • Machinery Dimensions: 43.43 x 29.02 x 75.12 in
  • Serial Number: 75644/01107
  • Model: Straw Applicator 21
  • Manufacturer Name: Tetra Pak
  • Air Requirements: 6-7 BAR
  • Frequency: HERTZ
  • Voltage: VOLTS
  • Year: 2009
  • Machinery Weight: 551.15 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Nicaragua

We buy Tetra Pak Straw Applicator 21 75644/01107 6-7 BAR in bulk. Click here to get a free valuation.

Bradman Lake SL 902 6007 0400 8 BAR 440 VOLTS 60 HERTZ 20 AMPS | Horizontal Cartoners

  • Machinery Dimensions: 169.29 x 86.61 x 62.99 in
  • Serial Number: 6007 0400
  • Model: SL 902
  • Manufacturer Name: Bradman Lake
  • Product Loading: AUTOMATIC
  • Air Requirements: 8 BAR
  • Voltage: 440 VOLTS
  • Year: 2000
  • Product Handling: HORIZONTAL
  • Line Motion: CONTINUOUS
  • Machinery Weight: 4409.20 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Current: 20 AMPS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: JALISCO, Mexico

We buy Bradman Lake SL 902 6007 0400 8 BAR 440 VOLTS 60 HERTZ 20 AMPS in bulk. Click here to get a free valuation.

Unknown 121.25 lb 400/230 VOLTS 50 HERTZ 7.5 AMPS | Miscellaneous Packaging Equipment

  • Machinery Weight: 815.70 lb
  • Machinery Dimensions: 551.57 x 47.24 x 35.04 in
  • Capacity Size: 121.25 lb
  • Current: 7.5 AMPS
  • Voltage: 400/230 VOLTS
  • Phase: 3+1
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Located in: Wales, United Kingdom

We buy Unknown 121.25 lb 400/230 VOLTS 50 HERTZ 7.5 AMPS in bulk. Click here to get a free valuation.

Fuji FW3700 Alpha V | Flow Wrappers

  • Model: FW3700 Alpha V
  • Manufacturer Name: Fuji
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Located in: North America

We buy Fuji FW3700 Alpha V in bulk. Click here to get a free valuation.

FAM SD-3D | Food Dicer

  • Machinery Dimensions: 59.06 x 47.24 x 86.61 in
  • Model: SD-3D
  • Manufacturer Name: FAM
  • Machinery Weight: 661.38 lb
  • Located in: Europe

We buy FAM SD-3D in bulk. Click here to get a free valuation.

Metrohm 590926 50/60 HERTZ | Titrators

  • Serial Number: 590926
  • Machinery Dimensions: 3.94 x 3.94 x 7.87 in
  • Manufacturer Name: Metrohm
  • Machinery Weight: 2.20 lb
  • Year: 2015
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Switzerland

We buy Metrohm 590926 50/60 HERTZ in bulk. Click here to get a free valuation.