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

Surplus Machinery

Sealed Air Instapak 900 220/240 VOLTS 1500 WATTS unknown BAR | Miscellaneous Packaging Equipment

  • Model: Instapak 900
  • Manufacturer Name: Sealed Air
  • Capacity Speed: unknown CU FT/MIN
  • Machinery Dimensions: 31.50 x 31.50 x 39.37 in
  • Capacity Size: unknown SQ FT
  • Air Requirements: unknown BAR
  • Current: 1500 WATTS
  • Frequency: 50
  • Voltage: 220/240 VOLTS
  • Machinery Weight: 132.28 lb
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Located in: Europe

We buy Sealed Air Instapak 900 220/240 VOLTS 1500 WATTS unknown BAR in bulk. Click here to get a free valuation.

Intralox | Conveyors

  • Machinery Dimensions: 78.74 x 16.93 x 57.09 in
  • Manufacturer Name: Intralox
  • Type of Conveyors: MAT TOP CONVEYOR
  • Machinery Weight: 661.38 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

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

Kemper SPA 150 | Mixers

  • Machinery Dimensions: 55.12 x 55.12 x 62.99 in
  • Model: SPA 150
  • Manufacturer Name: Kemper
  • Machinery Weight: 771.61 lb
  • Type of mixer: INTENSIVE
  • Located in: Europe

We buy Kemper SPA 150 in bulk. Click here to get a free valuation.

Alexanderwerk WP 120 Pharma 900-0039 40 KG/HR 6 BAR 400 VOLTS 50 HERTZ 11.8 KVA STAINLESS STEEL | Granulators

  • Machinery Weight: 2105.39 lb
  • Machinery Dimensions: 183.46 x 55.12 x 64.17 in
  • Current: 11.8 KVA
  • Capacity Speed: 40 KG/HR
  • Serial Number: 900-0039
  • Model: WP 120 Pharma
  • Manufacturer Name: Alexanderwerk
  • Voltage: 400 VOLTS
  • Air Requirements: 6 BAR
  • Material of Construction: STAINLESS STEEL
  • Year: 2007
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Wales, United Kingdom

We buy Alexanderwerk WP 120 Pharma 900-0039 40 KG/HR 6 BAR 400 VOLTS 50 HERTZ 11.8 KVA STAINLESS STEEL in bulk. Click here to get a free valuation.

Ingersoll Rand DXR180 96FDXR2960 250 PSI 208/230 VOLTS 278 PSI 10.2 AMPS 60 HERTZ | Air Dryers

  • Machinery Dimensions: 42 x 39 x 41 IN
  • Current: 10.2 AMPS
  • Pressure Rating (Pressure): 278 PSI
  • Air Requirements: 250 PSI
  • Model: DXR180
  • Serial Number: 96FDXR2960
  • Manufacturer Name: Ingersoll Rand
  • Machinery Weight: 800 Pounds
  • Voltage: 208/230 VOLTS
  • Refrigerated: YES
  • Year: 1996
  • CE Marked: NO
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: NC, USA

We buy Ingersoll Rand DXR180 96FDXR2960 250 PSI 208/230 VOLTS 278 PSI 10.2 AMPS 60 HERTZ in bulk. Click here to get a free valuation.

Kokusai Electric DD-802V | Diffusion Furnace

  • Process Capability: POCL3
  • Process Capability: ANNEAL
  • Process Capability: WET-OX
  • Process Capability: PYRO
  • Machinery Dimensions: 108 x 72 x 156 IN
  • Process Capability: Well
  • Model: DD-802V
  • Manufacturer Name: Kokusai Electric
  • Machinery Weight: 3500 LBS
  • Year: 1991
  • Year: 1990
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy Kokusai Electric DD-802V in bulk. Click here to get a free valuation.

Gehaka | Water Purification and Still Systems

  • Machinery Dimensions: 47.24 x 15.75 x 31.50 in
  • Manufacturer Name: Gehaka
  • Machinery Weight: 66.14 lb
  • Located in: SP, Brazil

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

Atlas Vac Machine Tray Sealer 54792 240 VOLTS 60 HERTZ 15 AMPS | Vacuum Sealers

  • Machinery Weight: 1625 LBS
  • Machinery Dimensions: 95 x 53 x 75 IN
  • Serial Number: 54792
  • Model: Tray Sealer
  • Manufacturer Name: Atlas Vac Machine
  • Voltage: 240 VOLTS
  • Current: 15 AMPS
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy Atlas Vac Machine Tray Sealer 54792 240 VOLTS 60 HERTZ 15 AMPS in bulk. Click here to get a free valuation.

NETZSCH LMZ 2 NANO MILL 205-45899 440 VOLTS 60 HERTZ 7.5 HP STAINLESS STEEL | Media Mills

  • Machinery Dimensions: 80 x 50 x 80 IN
  • HP or KW: 7.5 HP
  • Model: LMZ 2 NANO MILL
  • Serial Number: 205-45899
  • Manufacturer Name: NETZSCH
  • Voltage: 440 VOLTS
  • Machinery Weight: 3306.90 lb
  • Year: 2000
  • Material of Construction: STAINLESS STEEL
  • Recommended Packaging Form: CRATE
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Hidalgo, Mexico

We buy NETZSCH LMZ 2 NANO MILL 205-45899 440 VOLTS 60 HERTZ 7.5 HP STAINLESS STEEL in bulk. Click here to get a free valuation.

Cermex E - 472 380 VOLTS 50 HERTZ | Case Packers

  • Model: E - 472
  • Manufacturer Name: Cermex
  • Year: 1985
  • Voltage: 380 VOLTS
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Located in: Europe

We buy Cermex E - 472 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Simpson 260 | Meters

  • Model: 260
  • Manufacturer Name: Simpson
  • Machinery Dimensions: 12 x 12 x 12 IN
  • Machinery Weight: 10 LBS
  • Recommended Packaging Form: 12C (12X12X12)
  • Located in: MA, USA

We buy Simpson 260 in bulk. Click here to get a free valuation.

Alloyd Co Inc Aergo 2 Plus | Blister Sealers

  • Machinery Dimensions: 72 x 42 x 72 IN
  • Model: Aergo 2 Plus
  • Manufacturer Name: Alloyd Co Inc
  • Machinery Weight: 1000 LBS
  • Year: 2009
  • Located in: North America

We buy Alloyd Co Inc Aergo 2 Plus in bulk. Click here to get a free valuation.

Mettler Toledo DL 39 5128132420 100-240 VOLTS 50/60 HERTZ 0.8 AMPS | Coulometers

  • Machinery Dimensions: 10.24 x 14.17 x 18.11 in
  • Model: DL 39
  • Serial Number: 5128132420
  • Current: 0.8 AMPS
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 66.14 lb
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Distrito Federal, Mexico

We buy Mettler Toledo DL 39 5128132420 100-240 VOLTS 50/60 HERTZ 0.8 AMPS in bulk. Click here to get a free valuation.

Busch HO 0433-D 807 LF01010501 100 PSI 2 IN 2 IN | Vacuum Pumps

  • Machinery Dimensions: 88 x 60 x 86 IN
  • Current: 38 / 19 AMPS
  • Voltage: 230 / 460 VOLTS
  • Vacuum (in. Hg): 0.02 In. Hg (0.5 Torr)
  • Capacity Speed: 176 CU FT/MIN
  • Serial Number: LF01010501
  • Model: HO 0433-D 807
  • Outlet Size: 2 IN
  • Inlet Size: 2 IN
  • Air Requirements: 100 PSI
  • Year: 1994
  • Frequency: 60
  • Manufacturer Name: Busch
  • Machinery Weight: 1500 LBS
  • Recommended Packaging Form: CRATE
  • CE Marked: NO
  • Phase: 3
  • Located in: UT, USA

We buy Busch HO 0433-D 807 LF01010501 100 PSI 2 IN 2 IN in bulk. Click here to get a free valuation.

Tencor Instruments Sonogage300 | Wafer Profiler

  • Model: Sonogage300
  • Manufacturer Name: Tencor Instruments
  • Machinery Dimensions: 24 x 24 x 48 IN
  • Machinery Weight: 150 Pounds
  • Year: 1989
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: East Asia/Pacific

We buy Tencor Instruments Sonogage300 in bulk. Click here to get a free valuation.

Carl Zeiss Inc. Axiovert 100 TV 451385 115/230 VOLTS 50/60 HERTZ | Miscellaneous

  • Model: Axiovert 100 TV
  • Serial Number: 451385
  • Manufacturer Name: Carl Zeiss Inc.
  • Type of Microscope: INVERTED
  • Machinery Dimensions: 23.62 x 11.81 x 27.56 in
  • Machinery Weight: 44.09 lb
  • Voltage: 115/230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Carl Zeiss Inc. Axiovert 100 TV 451385 115/230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Ryson MHBR 055-020-030-010 220 VOLTS 60 HERTZ CARBON STEEL 15 IN SPIRAL CONVEYOR Spiral Slats | Conveyors

  • Model: MHBR 055-020-030-010
  • Machinery Dimensions: 83 x 72 x 176 IN
  • Type of Conveyor Belt: Spiral Slats
  • Manufacturer Name: Ryson
  • Belt Size: 15 IN
  • Type of Feet: ADJUSTABLE
  • Drive Horsepower: 2
  • Type of Conveyors: SPIRAL CONVEYOR
  • Portable: NO
  • Guide Rails: YES
  • Year: 2010
  • Machinery Weight: 1500 LBS
  • Voltage: 220 VOLTS
  • Material of Construction: CARBON STEEL
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: ON, Canada

We buy Ryson MHBR 055-020-030-010 220 VOLTS 60 HERTZ CARBON STEEL 15 IN SPIRAL CONVEYOR Spiral Slats 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.

Hobart Corporation UWS 31-1214-882 120/208-240 VOLTS 60 HERTZ 15 AMPS | Overwrappers

  • Machinery Dimensions: 70 x 37 x 68 IN
  • Serial Number: 31-1214-882
  • Model: UWS
  • Manufacturer Name: Hobart Corporation
  • Voltage: 120/208-240 VOLTS
  • Year: 2000
  • Machinery Weight: 500 LBS
  • Current: 15 AMPS
  • CE Marked: NO
  • Phase: 1
  • Recommended Packaging Form: CUSTOM PALLET
  • Frequency: 60 HERTZ
  • Located in: BC, Canada

We buy Hobart Corporation UWS 31-1214-882 120/208-240 VOLTS 60 HERTZ 15 AMPS 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.

Cermex SL1100 50/60 HERTZ | Case Packers

  • Machinery Dimensions: 8 x 4 x 6 FT
  • Model: SL1100
  • Type of Case: OTHER
  • Case Sealing: HOT MELT GLUE
  • Manufacturer Name: Cermex
  • Machinery Weight: 2204.60 lb
  • Frequency: 50/60 HERTZ
  • Located in: Europe

We buy Cermex SL1100 50/60 HERTZ in bulk. Click here to get a free valuation.

Thermo Finnigan TSQ Quantum Discovery MAX | Mass Spectrometers

  • Model: TSQ Quantum Discovery MAX
  • Manufacturer Name: Thermo Finnigan
  • Machinery Dimensions: 48 x 40 x 48 IN
  • Machinery Weight: 300 LBS
  • Type of Mass Spec: TRIPLE STAGE QUAD
  • Recommended Packaging Form: PALLET
  • Located in: North America

We buy Thermo Finnigan TSQ Quantum Discovery MAX in bulk. Click here to get a free valuation.

Xcellerex XDM-Q-200 02410 240 VOLTS 50 HERTZ 10 AMPS | Mixers

  • Serial Number: 02410
  • Machinery Dimensions: 27.56 x 43.31 x 43.31 in
  • Model: XDM-Q-200
  • Manufacturer Name: Xcellerex
  • Voltage: 240 VOLTS
  • Current: 10 AMPS
  • Machinery Weight: 198.41 lb
  • Frequency: 50 HERTZ
  • Phase: 1
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Switzerland

We buy Xcellerex XDM-Q-200 02410 240 VOLTS 50 HERTZ 10 AMPS in bulk. Click here to get a free valuation.

Aczet Pvt.Ltd. CY 35001H | Balances

  • Model: CY 35001H
  • Manufacturer Name: Aczet Pvt.Ltd.
  • Located in: North America

We buy Aczet Pvt.Ltd. CY 35001H in bulk. Click here to get a free valuation.

Thermo Fisher Scientific IN1006 IMCKX 230 VOLTS 50 HERTZ | Integrity Testers

  • Serial Number: IMCKX
  • Machinery Weight: 532 LBS
  • Machinery Dimensions: 41 x 34 x 67 IN
  • Model: IN1006
  • Manufacturer Name: Thermo Fisher Scientific
  • Voltage: 230 VOLTS
  • Recommended Packaging Form: CRATE
  • Frequency: 50 HERTZ
  • Phase: 1
  • Located in: MA, USA

We buy Thermo Fisher Scientific IN1006 IMCKX 230 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Various | Packaging Lines

  • Machinery Dimensions: 551.18 x 39.37 x 59.06 in
  • Machinery Weight: 6393.34 lb
  • Manufacturer Name: Various
  • Located in: Medan, Indonesia

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

CWM Automation unknown | Depositors

  • Machinery Dimensions: 31.50 x 22.05 x 58.66 in
  • Manufacturer Name: CWM Automation
  • Method of Deposit: PISTON
  • Machinery Weight: 220.46 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy CWM Automation unknown in bulk. Click here to get a free valuation.

Automation Direct DP-C321 | Miscellaneous

  • Machinery Dimensions: 11 x 9 x 5 IN
  • Model: DP-C321
  • Manufacturer Name: Automation Direct
  • Machinery Weight: 4 LBS
  • CE Marked: YES
  • Located in: Forest, VA, USA

We buy Automation Direct DP-C321 in bulk. Click here to get a free valuation.

Fasoli FBC 200 400 VOLTS 50 HERTZ 3.1 AMPS 6 BAR | Conveyors

  • Current: 3.1 AMPS
  • Model: FBC 200
  • Manufacturer Name: Fasoli
  • Machinery Dimensions: 47.24 x 39.37 x 70.87 in
  • Machinery Weight: 661.38 lb
  • Voltage: 400 VOLTS
  • Air Requirements: 6 BAR
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM
  • Year: 1998
  • CE Marked: NO
  • Phase: 3
  • Located in: Europe

We buy Fasoli FBC 200 400 VOLTS 50 HERTZ 3.1 AMPS 6 BAR in bulk. Click here to get a free valuation.

Fameccanica SUP-STAR 2131 380 VOLTS 50 HERTZ | Paper Converting Equipment

  • Machinery Dimensions: 33 x 7 x 4 IN
  • Serial Number: 2131
  • Model: SUP-STAR
  • Manufacturer Name: Fameccanica
  • Machinery Weight: 44092.00 lb
  • Year: 2003
  • Voltage: 380 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Located in: Turkey

We buy Fameccanica SUP-STAR 2131 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Alsanner PRO120M 1206032 264.55 lb | Lifts

  • Machinery Dimensions: 43.31 x 23.62 x 78.74 in
  • Serial Number: 1206032
  • Model: PRO120M
  • Type of Lift: TABLE
  • Manufacturer Name: Alsanner
  • Operation: MANUAL
  • Capacity Size: 264.55 lb
  • Lifting Device: OTHER
  • Machinery Weight: 2.20 lb
  • CE Marked: YES
  • Located in: Sao Paulo, Brazil

We buy Alsanner PRO120M 1206032 264.55 lb in bulk. Click here to get a free valuation.

Satena IVA SAT 8509 422.82 gal CARBON STEEL 13.5 KG/CM2 36.54 in 36.22 in 98.43 in 78.74 in | Tanks

  • Machinery Dimensions: 39.37 x 39.37 x 108.27 in
  • Model: IVA SAT
  • Inside Diameter: 36.22 in
  • Outside Diameter: 36.54 in
  • Internal Pressure Rating: 13.5 KG/CM2
  • Serial Number: 8509
  • Manufacturer Name: Satena
  • Capacity of Tank: 422.82 gal
  • Overall Height: 98.43 in
  • Straight Side: 78.74 in
  • Number of Inlets and Size: 1
  • Type of Top Head: DISHED
  • Tank Material of Construction: CARBON STEEL
  • Type of Bottom Head: DISHED
  • Number of Outlets and Size: 1
  • Vertical or Horizontal: VERTICAL
  • Internal Coils: NO
  • Year: 2000
  • Machinery Weight: 1102.30 lb
  • Recommended Packaging Form: CUSTOM
  • Agitation: NO
  • Jacketed: NO
  • CE Marked: NO
  • Located in: Distrito Federal, Mexico

We buy Satena IVA SAT 8509 422.82 gal CARBON STEEL 13.5 KG/CM2 36.54 in 36.22 in 98.43 in 78.74 in in bulk. Click here to get a free valuation.

Tektronix Inc. TCP312 B016531 | Miscellaneous

  • Serial Number: B016531
  • Machinery Dimensions: 9 x 3 x 2 IN
  • Model: TCP312
  • Manufacturer Name: Tektronix Inc.
  • Machinery Weight: 1 LBS
  • Recommended Packaging Form: 12C (12X12X12)
  • CE Marked: YES
  • Located in: Hillsboro, OR, USA

We buy Tektronix Inc. TCP312 B016531 in bulk. Click here to get a free valuation.

Hewlett Packard 85024A US38012563 | Miscellaneous

  • Model: 85024A
  • Serial Number: US38012563
  • Manufacturer Name: Hewlett Packard
  • Machinery Weight: 1 LBS
  • Machinery Dimensions: 12 x 12 x 6 IN
  • Recommended Packaging Form: 12C (12X12X12)
  • CE Marked: YES
  • Located in: San Jose, CA, USA

We buy Hewlett Packard 85024A US38012563 in bulk. Click here to get a free valuation.

Syspal 601 / KG0626 661.38 lb | Lifts

  • Machinery Dimensions: 1200 x 800 x 2100 FT
  • Model: 601 / KG0626
  • Manufacturer Name: Syspal
  • Operation: AUTOMATIC
  • Lifting Device: DRUM
  • Capacity Size: 661.38 lb
  • Machinery Weight: 500 LBS
  • Located in: Europe

We buy Syspal 601 / KG0626 661.38 lb in bulk. Click here to get a free valuation.

Werner and Pfleiderer | Degassers

  • Machinery Dimensions: 27.56 x 90.55 x 45.28 in
  • Machinery Weight: 14991.28 lb
  • Machinery Dimensions: 206.69 x 22.83 x 59.06 in
  • Manufacturer Name: Werner and Pfleiderer
  • Machinery Weight: 1543.22 lb
  • Located in: Europe

We buy Werner and Pfleiderer in bulk. Click here to get a free valuation.

Calumatic 80 BPM 415 VOLTS 50 HERTZ | Washers

  • Machinery Dimensions: 320.87 x 86.61 x 60.24 in
  • Capacity Speed: 80 BPM
  • Manufacturer Name: Calumatic
  • Machinery Weight: 7495.64 lb
  • Year: 1988
  • Voltage: 415 VOLTS
  • Frequency: 50 HERTZ
  • Phase: 3
  • Located in: Europe

We buy Calumatic 80 BPM 415 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

DCM 4 colors 400 m/m | Printing Presses

  • Machinery Weight: 132595.70 lb
  • Machinery Dimensions: 55.77 x 13.12 x 13.12 ft
  • Print Speed: 400 m/m
  • Model: 4 colors
  • Type of Dryer: AIR
  • Manufacturer Name: DCM
  • Year: 1984
  • CE Marked: YES
  • Located in: Africa

We buy DCM 4 colors 400 m/m in bulk. Click here to get a free valuation.

Reco SA-105 2 | Plumbing Parts

  • Machinery Dimensions: 1 x 2 x 1 IN
  • Model: SA-105 2
  • Manufacturer Name: Reco
  • Machinery Weight: 15 LBS
  • Located in: North America

We buy Reco SA-105 2 in bulk. Click here to get a free valuation.

SAMS Machine Tools 900 LTR GMP 237.83 gal | Blenders

  • Machinery Dimensions: 270 x 87 x 90 IN
  • Model: 900 LTR GMP
  • Manufacturer Name: SAMS Machine Tools
  • Type of Blender: V-BLENDER
  • Capacity Size: 237.83 gal
  • Machinery Weight: 2500 LBS
  • Year: 2003
  • CE Marked: NO
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy SAMS Machine Tools 900 LTR GMP 237.83 gal in bulk. Click here to get a free valuation.