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

Surplus Machinery

CAM G60 8 BAR 380 VOLTS 50 HERTZ | Wrappers/Overwrappers/Bundlers

  • Machinery Dimensions: 92.52 x 46.46 x 66.93 in
  • Wrapped Packages/Minute: 60
  • Packages/Minutes: 60
  • Model: G60
  • Manufacturer Name: CAM
  • Air Requirements: 8 BAR
  • Machinery Weight: 2865.98 lb
  • Year: 1999
  • Voltage: 380 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy CAM G60 8 BAR 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Vetraco s.r.l. CP24W | Powder Filling Lines

  • Machinery Weight: 2391.99 lb
  • Machinery Dimensions: 240 x 144 x 225 IN
  • Products Run: PRESSED POWDER, COSMETICS POWDER, BLUSH, BRONZER, FACE POWDER
  • Model: CP24W
  • Manufacturer Name: Vetraco s.r.l.
  • Year: 2017
  • CE Marked: YES
  • Located in: Europe

We buy Vetraco s.r.l. CP24W in bulk. Click here to get a free valuation.

Waters Q-TOF Micro | Mass Spectrometers

  • Model: Q-TOF Micro
  • Machinery Dimensions: 60 x 60 x 50 IN
  • Manufacturer Name: Waters
  • Machinery Weight: 600 LBS
  • Type of Mass Spec: Q-TOF
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Waters Q-TOF Micro in bulk. Click here to get a free valuation.

Wonder International Co MS6324 9030031 230 VOLTS 50 HERTZ BELT CONVEYOR | Conveyors

  • Machinery Dimensions: 87.40 x 31.50 x 36.02 in
  • Model: MS6324
  • Serial Number: 9030031
  • Manufacturer Name: Wonder International Co
  • Type of Conveyors: BELT CONVEYOR
  • Machinery Weight: 881.84 lb
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Malta, Malta

We buy Wonder International Co MS6324 9030031 230 VOLTS 50 HERTZ BELT CONVEYOR in bulk. Click here to get a free valuation.

CSS 2500 24 110 VOLTS 60 HERTZ 3 IN 24 IN SCREW CONVEYOR | Conveyors

  • Machinery Dimensions: 48 x 42 x 16 IN
  • Screw Length: 24 IN
  • Screw Diameter: 3 IN
  • Drive Horsepower: 1/4
  • Material of Construction: ALUMINIUM
  • Model: 2500 24
  • Manufacturer Name: CSS
  • Type of Conveyors: SCREW CONVEYOR
  • Machinery Weight: 200 LBS
  • Voltage: 110 VOLTS
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy CSS 2500 24 110 VOLTS 60 HERTZ 3 IN 24 IN SCREW CONVEYOR in bulk. Click here to get a free valuation.

Wilo IL200/265-30/4 20797550/0001 1465 RPM 7.87 in 7.87 in CAST IRON 30 KW 690/400 VOLTS 50 HERTZ 55.7 AMPS | Centrifugal Pumps

  • Serial Number: 20797550/0001
  • Machinery Dimensions: 31.50 x 25.98 x 47.24 in
  • Current: 55.7 AMPS
  • Horsepower: 30 KW
  • Capacity Speed: 1465 RPM
  • Model: IL200/265-30/4
  • Voltage: 690/400 VOLTS
  • Outlet Size: 7.87 in
  • Inlet Size: 7.87 in
  • Manufacturer Name: Wilo
  • Material of Construction: CAST IRON
  • Machinery Weight: 1102.30 lb
  • Year: 2011
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Greece

We buy Wilo IL200/265-30/4 20797550/0001 1465 RPM 7.87 in 7.87 in CAST IRON 30 KW 690/400 VOLTS 50 HERTZ 55.7 AMPS in bulk. Click here to get a free valuation.

Mettler Toledo Seven Multi B146449804, B723221846 50/60 HERTZ | Conductivity Meters

  • Machinery Dimensions: 11.81 x 11.81 x 3.15 in
  • Model: Seven Multi
  • Serial Number: B146449804, B723221846
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 8.82 lb
  • Year: 2011
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Switzerland

We buy Mettler Toledo Seven Multi B146449804, B723221846 50/60 HERTZ in bulk. Click here to get a free valuation.

Resina UN40J 1248 440 VOLTS 60 HERTZ | Cappers

  • Machinery Dimensions: 60 x 60 x 84 IN
  • Model: UN40J 1248
  • Manufacturer Name: Resina
  • Machinery Weight: 4500 LBS
  • Voltage: 440 VOLTS
  • Type of Capping: SCREW
  • Capacity Speed: 0
  • Type of Capper: INLINE
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy Resina UN40J 1248 440 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Manesty BB3B 28A169 1600 TPM 380 VOLTS | Tablet Presses

  • Machinery Dimensions: 51.18 x 51.18 x 74.80 in
  • Maximum capacity (tablets per minute or hour): 1600 TPM
  • Model: BB3B
  • Serial Number: 28A169
  • Manufacturer Name: Manesty
  • Pre-compression: NO
  • Frequency: HERTZ
  • Voltage: 380 VOLTS
  • Machinery Weight: 2204.60 lb
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Argentina

We buy Manesty BB3B 28A169 1600 TPM 380 VOLTS in bulk. Click here to get a free valuation.

Heraeus Biofuge fresco | Laboratory Centrifuges

  • Model: Biofuge Fresco
  • Manufacturer Name: Heraeus
  • Located in: North America

We buy Heraeus Biofuge fresco in bulk. Click here to get a free valuation.

Lab Tech SEPLINE-S US-MP0061 SPE | Miscellaneous Lab Equipment

  • Model: SEPLINE-S US-MP0061 SPE
  • Manufacturer Name: Lab Tech
  • Located in: North America

We buy Lab Tech SEPLINE-S US-MP0061 SPE in bulk. Click here to get a free valuation.

Rohde and Schwarz CMWC 100192,100122 100-240 VOLTS 50/60 HERTZ 2.2 AMPS | Miscellaneous

  • Serial Number: 100192,100122
  • Model: CMWC
  • Manufacturer Name: Rohde and Schwarz
  • Current: 2.2 AMPS
  • Machinery Dimensions: 42 x 19 x 6 IN
  • Machinery Weight: 32 LBS
  • Recommended Packaging Form: 24C (28X24X22)
  • Voltage: 100-240 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy Rohde and Schwarz CMWC 100192,100122 100-240 VOLTS 50/60 HERTZ 2.2 AMPS in bulk. Click here to get a free valuation.

Mettler Toledo AB54 1117441201 100 G 115 VOLTS 50/60 HERTZ | Miscellaneous

  • Model: AB54
  • Serial Number: 1117441201
  • Machinery Dimensions: 14 x 10 x 10 IN
  • Capacity Size: 100 G
  • Manufacturer Name: Mettler Toledo
  • Voltage: 115 VOLTS
  • Machinery Weight: 20 LBS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Forest, VA, USA

We buy Mettler Toledo AB54 1117441201 100 G 115 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Akash Pack Tech. PVT Ltd 429B-Track 220/415 VOLTS 50/60 HERTZ 100 BPM | Packaging Lines

  • Machinery Weight: 14550.36 lb
  • Machinery Dimensions: 255.91 x 118.11 x 78.74 in
  • Capacity Speed: 100 BPM
  • Voltage: 220/415 VOLTS
  • Serial Number: 429B-Track
  • Manufacturer Name: Akash Pack Tech. PVT Ltd
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Located in: Himachal Pradesh, India

We buy Akash Pack Tech. PVT Ltd 429B-Track 220/415 VOLTS 50/60 HERTZ 100 BPM in bulk. Click here to get a free valuation.

Neri SpA SL400 | Labelers

  • Machinery Dimensions: 78.74 x 39.37 x 78.74 in
  • Model: SL400
  • Manufacturer Name: Neri SpA
  • Machinery Weight: 1322.76 lb
  • Year: 2008
  • Application Type: TAMP
  • Type of Labeler: INLINE
  • Located in: Europe

We buy Neri SpA SL400 in bulk. Click here to get a free valuation.

Intralux 5000-1 230 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 15.75 x 11.81 x 5.91 in
  • Model: 5000-1
  • Manufacturer Name: Intralux
  • Machinery Weight: 26.46 lb
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Intralux 5000-1 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

BD Biosciences FACSCanto II V96100084 | Flow Cytometers

  • Serial Number: V96100084
  • Manufacturer Name: BD Biosciences
  • Model: FACSCanto II
  • Machinery Dimensions: 1 x 1 x 1 IN
  • Machinery Weight: 176.37 lb
  • Year: 2006
  • Located in: Essex, United Kingdom

We buy BD Biosciences FACSCanto II V96100084 in bulk. Click here to get a free valuation.

VIMA IMPIANTI TWIN VALVE BUTTERFLY VALVES ONE WAY STAINLESS STEEL 380 VOLTS 50 HERTZ | Valves

  • Machinery Dimensions: 55.12 x 39.37 x 62.99 in
  • Model: TWIN VALVE
  • Manufacturer Name: VIMA IMPIANTI
  • Valve Type: BUTTERFLY VALVES
  • Valve Flow: ONE WAY
  • Valve Material of Construction: STAINLESS STEEL
  • Machinery Weight: 440.92 lb
  • Voltage: 380 VOLTS
  • Year: 2007
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy VIMA IMPIANTI TWIN VALVE BUTTERFLY VALVES ONE WAY STAINLESS STEEL 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Mettler Toledo M400 FF 1239427387 50/60 HERTZ | Conductivity Meters

  • Machinery Dimensions: 24.80 x 8.27 x 8.27 in
  • Model: M400 FF
  • Serial Number: 1239427387
  • Machinery Weight: 19.84 lb
  • Manufacturer Name: Mettler Toledo
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Singapore, Singapore

We buy Mettler Toledo M400 FF 1239427387 50/60 HERTZ in bulk. Click here to get a free valuation.

Tetra Pak Tetra Alex 30 T5845538191 6000 L/HR STAINLESS STEEL 220 BAR 380 VOLTS 50 HERTZ | Homogenizers

  • Machinery Dimensions: 111.81 x 68.90 x 51.18 in
  • Pressure Rating: 220 BAR
  • Temperature Rating: 40 DEG C
  • Model: Tetra Alex 30
  • Serial Number: T5845538191
  • Manufacturer Name: Tetra Pak
  • Capacity Speed: 6000 L/HR
  • Machinery Weight: 6613.80 lb
  • Voltage: 380 VOLTS
  • Material of Construction: STAINLESS STEEL
  • Frequency: 50 HERTZ
  • Year: 1998
  • Located in: Hungary

We buy Tetra Pak Tetra Alex 30 T5845538191 6000 L/HR STAINLESS STEEL 220 BAR 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Distek Symphony 7100 7101092 115 VOLTS 50/60 HERTZ | Miscellaneous

  • Serial Number: 7101092
  • Machinery Dimensions: 17 x 25 x 39 IN
  • Model: Symphony 7100
  • Manufacturer Name: Distek
  • Machinery Weight: 35 LBS
  • Voltage: 115 VOLTS
  • Frequency: 50/60 HERTZ
  • Located in: Forest, VA, USA

We buy Distek Symphony 7100 7101092 115 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Imbil Industria e Manutencao de Bombas ITA Ltda E3 5M C01633K001 12.5 HP 220/380/440 VOLTS 60 HERTZ 32/18.5/16 AMPS | Centrifugal Pumps

  • Machinery Dimensions: 55.91 x 20.08 x 39.37 in
  • Current: 32/18.5/16 AMPS
  • RPM: 1760
  • Horsepower: 12.5 HP
  • Capacity Speed: 1200 CU M/HR
  • Model: E3 5M
  • Serial Number: C01633K001
  • Manufacturer Name: Imbil Industria e Manutencao de Bombas ITA Ltda
  • Voltage: 220/380/440 VOLTS
  • Machinery Weight: 440.92 lb
  • Year: 2013
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: SP, Brazil

We buy Imbil Industria e Manutencao de Bombas ITA Ltda E3 5M C01633K001 12.5 HP 220/380/440 VOLTS 60 HERTZ 32/18.5/16 AMPS in bulk. Click here to get a free valuation.

Busch NC 0300 B L06 XXVJ U114809596 | Miscellaneous

  • Serial Number: U114809596
  • Machinery Weight: 900 LBS
  • Machinery Dimensions: 68 x 36 x 66 IN
  • Model: NC 0300 B L06 XXVJ
  • Manufacturer Name: Busch
  • Located in: Skull Valley, UT, USA

We buy Busch NC 0300 B L06 XXVJ U114809596 in bulk. Click here to get a free valuation.

BFB IMA A94 6 BAR 380 VOLTS 50 HERTZ 240 CPM | Carton Formers

  • Machinery Weight: 7936.56 lb
  • Machinery Dimensions: 184.65 x 61.34 x 85.51 in
  • Speed: 240 CPM
  • Products Run: Carton length: 30-150mm; Carton width: 12-85 mm; Carton height: 55-210 mm
  • Product Sizing: Formats installed: 87x75x127mm and 87x50x127mm
  • Model: A94
  • Method of Code Dater: NONE
  • Manufacturer Name: BFB IMA
  • Year: 1999
  • Closure: GLUE INNER & OUTER FLAPS
  • Carton Feeder Type: PICK AND PLACE
  • Voltage: 380 VOLTS
  • Air Requirements: 6 BAR
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy BFB IMA A94 6 BAR 380 VOLTS 50 HERTZ 240 CPM in bulk. Click here to get a free valuation.

Gast Arrow G5 | Miscellaneous

  • Machinery Dimensions: 48 x 40 x 45 IN
  • Model: Arrow G5
  • Manufacturer Name: Gast
  • Machinery Weight: 300 LBS
  • Located in: Forest, VA, USA

We buy Gast Arrow G5 in bulk. Click here to get a free valuation.

LCM Schokoladenmaschinen LCM 240ATC 56607 88.18 lb 400 VOLTS 60 HERTZ 3.5 KW | Candy or Confectionery Equipment

  • Machinery Dimensions: 120.47 x 32.28 x 51.57 in
  • Current: 3.5 KW
  • Capacity Size: 88.18 lb
  • Model: LCM 240ATC
  • Serial Number: 56607
  • Manufacturer Name: LCM Schokoladenmaschinen
  • Voltage: 400 VOLTS
  • Machinery Weight: 551.15 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: NS, Canada

We buy LCM Schokoladenmaschinen LCM 240ATC 56607 88.18 lb 400 VOLTS 60 HERTZ 3.5 KW in bulk. Click here to get a free valuation.

MR Etikettiertechnik GmbH and Co. KG MR323 8 BAR 380 VOLTS 50 HERTZ | Labelers

  • Machinery Dimensions: 59.06 x 39.37 x 74.80 in
  • Model: MR323
  • Manufacturer Name: MR Etikettiertechnik GmbH and Co. KG
  • Air Requirements: 8 BAR
  • Machinery Weight: 881.84 lb
  • Voltage: 380 VOLTS
  • Year: 2001
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy MR Etikettiertechnik GmbH and Co. KG MR323 8 BAR 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

R. Laurent SA TE 137 13.78 in Plastic caps CARBON STEEL | Belt Feeders

  • Machinery Dimensions: 84.65 x 51.18 x 74.80 in
  • Products Run: Plastic caps
  • Belt Size: 13.78 in
  • Model: TE
  • Serial Number: 137
  • Manufacturer Name: R. Laurent SA
  • Machinery Weight: 352.74 lb
  • Year: 1996
  • Material of Construction: CARBON STEEL
  • Located in: SP, Brazil

We buy R. Laurent SA TE 137 13.78 in Plastic caps CARBON STEEL in bulk. Click here to get a free valuation.

Unknown 0.26 gal 230/460 VOLTS 50/60 HERTZ 1 IN | Colloid Mills

  • Machinery Dimensions: 31 x 11 x 24 IN
  • Screen Diameter: 1 IN
  • Capacity Size: 0.26 gal
  • Screens Included: 1
  • Machinery Weight: 350 LBS
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Voltage: 230/460 VOLTS
  • Located in: Maharashtra, India

We buy Unknown 0.26 gal 230/460 VOLTS 50/60 HERTZ 1 IN in bulk. Click here to get a free valuation.

Keithley 4200-SCS 100-240 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 35 x 33 x 14 IN
  • Model: 4200-SCS
  • Manufacturer Name: Keithley
  • Machinery Weight: 125 LBS
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: San Jose, CA, USA

We buy Keithley 4200-SCS 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Lutetia AFL-222 10707 220 VOLTS 50 HERTZ 0.25 KW | Seasoners

  • Serial Number: 10707
  • Machinery Dimensions: 27.56 x 23.62 x 78.74 in
  • Current: 0.25 KW
  • Model: AFL-222
  • Manufacturer Name: Lutetia
  • Machinery Weight: 132.28 lb
  • Year: 1995
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Phase: 1
  • Located in: Spain

We buy Lutetia AFL-222 10707 220 VOLTS 50 HERTZ 0.25 KW in bulk. Click here to get a free valuation.

Edelstahl Maurer AG 201.12.027-06 STAINLESS STEEL 79.28 gal 3.2 BAR 6 BAR 50.31 in 23.62 in | Reactors

  • Serial Number: 201.12.027-06
  • Machinery Weight: 1675.50 lb
  • Straight Side: 50.31 in
  • Capacity of Reactor: 79.28 gal
  • Internal Pressure Rating: 3.2 BAR
  • Manufacturer Name: Edelstahl Maurer AG
  • Inside Diameter: 23.62 in
  • Jacket Pressure Rating: 6 BAR
  • Machinery Dimensions: 47.24 x 47.24 x 62.99 in
  • Jacket Temperature Rating: 150 DEG C
  • Internal Temperature Rating: 150 DEG C
  • Grade of Stainless Steel: 316L
  • Agitation: YES
  • Reactor Material of Construction: STAINLESS STEEL
  • Year: 2002
  • CE Marked: YES
  • Located in: Austria

We buy Edelstahl Maurer AG 201.12.027-06 STAINLESS STEEL 79.28 gal 3.2 BAR 6 BAR 50.31 in 23.62 in in bulk. Click here to get a free valuation.

Millipore Milli-Q Gradient A10 | Water Purification and Still Systems

  • Model: Milli-Q Gradient A10
  • Manufacturer Name: Millipore
  • Located in: North America

We buy Millipore Milli-Q Gradient A10 in bulk. Click here to get a free valuation.

Buchi Labortechnik AG R-153 400320S27211001 230 VOLTS 50/60 HERTZ | Evaporators

  • Model: R-153
  • Serial Number: 400320S27211001
  • Manufacturer Name: Buchi Labortechnik AG
  • Machinery Dimensions: 31.50 x 19.69 x 47.24 in
  • Machinery Weight: 99.21 lb
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Antwerpen, Belgium

We buy Buchi Labortechnik AG R-153 400320S27211001 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Comil CB-250 | Flow Wrappers

  • Model: CB-250
  • Manufacturer Name: Comil
  • Machinery Weight: 0 Pounds
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Located in: North America

We buy Comil CB-250 in bulk. Click here to get a free valuation.

Varian 210 02663 NO DETECTOR NO PUMP | HPLC

  • Machinery Dimensions: 21 x 14 x 9 IN
  • Serial Number: 02663
  • Model: 210
  • Machinery Weight: 44 LBS
  • Manufacturer Name: Varian
  • Type of Pump for HPLC: NO PUMP
  • Year: 2003
  • Recommended Packaging Form: 20C (28X20X20)
  • Type of Detector for HPLC: NO DETECTOR
  • Located in: CA, USA

We buy Varian 210 02663 NO DETECTOR NO PUMP in bulk. Click here to get a free valuation.

Unknown | Multimeters

  • Machinery Dimensions: 17 x 13 x 11 IN
  • Machinery Weight: 30 LBS
  • Recommended Packaging Form: 19C (22X15X13)
  • Located in: MA, USA

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

Shimadzu 10A VP | HPLC

  • Model: 10A VP
  • Manufacturer Name: Shimadzu
  • Located in: North America

We buy Shimadzu 10A VP in bulk. Click here to get a free valuation.

Busch R-100 C-18553 | Vacuum Pumps

  • Machinery Dimensions: 23.62 x 11.81 x 19.69 in
  • Serial Number: C-18553
  • Model: R-100
  • Machinery Weight: 330.69 lb
  • Manufacturer Name: Busch
  • CE Marked: YES
  • Located in: Spain

We buy Busch R-100 C-18553 in bulk. Click here to get a free valuation.

Perkin Elmer AA400 201S11120603 100-230 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 30 x 36 x 24 IN
  • Serial Number: 201S11120603
  • Model: AA400
  • Voltage: 100-230 VOLTS
  • Machinery Weight: 40 LBS
  • Manufacturer Name: Perkin Elmer
  • CE Marked: YES
  • Year: 2012
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Stein, , Switzerland

We buy Perkin Elmer AA400 201S11120603 100-230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.