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

Surplus Machinery

Dionex EG40 | Ion Chromatography

  • Model: EG40
  • Manufacturer Name: Dionex
  • Located in: North America

We buy Dionex EG40 in bulk. Click here to get a free valuation.

Bio Rad PharosFX Plus 447BR1160 240 VOLTS 50/60 HERTZ 65 WATTS | Miscellaneous

  • Machinery Dimensions: 75.59 x 47.24 x 35.43 in
  • Current: 65 WATTS
  • Serial Number: 447BR1160
  • Model: PharosFX Plus
  • Manufacturer Name: Bio Rad
  • Voltage: 240 VOLTS
  • Machinery Weight: 440.92 lb
  • Year: 2010
  • Recommended Packaging Form: 24C (28X24X22)
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Basel, Basel, Switzerland

We buy Bio Rad PharosFX Plus 447BR1160 240 VOLTS 50/60 HERTZ 65 WATTS in bulk. Click here to get a free valuation.

Key Industries STAINLESS STEEL VIBRATING CONVEYOR | Conveyors

  • Manufacturer Name: Key Industries
  • Machinery Dimensions: 78.74 x 55.12 x 62.99 in
  • Type of Conveyors: VIBRATING CONVEYOR
  • Guide Rails: YES
  • Machinery Weight: 881.84 lb
  • Material of Construction: STAINLESS STEEL
  • Located in: Europe

We buy Key Industries STAINLESS STEEL VIBRATING CONVEYOR in bulk. Click here to get a free valuation.

Marchesini MB 420 | Blister Packaging Lines

  • Machinery Dimensions: 102.36 x 133.86 x 206.69 in
  • Model: MB 420
  • Manufacturer Name: Marchesini
  • Machinery Weight: 2314.83 lb
  • Year: 1992
  • Located in: Europe

We buy Marchesini MB 420 in bulk. Click here to get a free valuation.

Pam Glatt FBE-125C 33.03 gal STAINLESS STEEL 415 VOLTS 50 HERTZ | Fluid Bed Dryers

  • Spray Nozzle: BOTTOM
  • Wurster Insert: YES
  • Model: FBE-125C
  • Manufacturer Name: Pam Glatt
  • Capacity Size: 33.03 gal
  • Machinery Weight: 3000 Pounds
  • Voltage: 415 VOLTS
  • Machinery Dimensions: 60 x 60 x 120 IN
  • Material of Construction: STAINLESS STEEL
  • Year: 2005
  • Recommended Packaging Form: CRATE
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: South Asia

We buy Pam Glatt FBE-125C 33.03 gal STAINLESS STEEL 415 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Stemcell Technologies Robosep 20000 1142 100-240 VOLTS 50/60 HERTZ 4.0 AMPS | Separators

  • Machinery Dimensions: 2016 x 28 x 22 IN
  • Current: 4.0 AMPS
  • Serial Number: 1142
  • Model: Robosep 20000
  • Manufacturer Name: Stemcell Technologies
  • Machinery Weight: 50 LBS
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Stemcell Technologies Robosep 20000 1142 100-240 VOLTS 50/60 HERTZ 4.0 AMPS in bulk. Click here to get a free valuation.

Minntech Filtration Technologies Group 26 liters | Sterilizers

  • Machinery Dimensions: 3.94 x 3.94 x 78.74 in
  • Model: 26 liters
  • Manufacturer Name: Minntech Filtration Technologies Group
  • Machinery Weight: 110.23 lb
  • Year: 2005
  • Located in: Europe

We buy Minntech Filtration Technologies Group 26 liters in bulk. Click here to get a free valuation.

Leroy Somer LSA 54 UL11-6P 281007 3440 KW 4300 KVA 1200 RPM 4160 VOLTS 60 HERTZ | Natural Gas or Oil Generators

  • Machinery Weight: 35000 LBS
  • Machinery Dimensions: 288 x 80 x 110 IN
  • Hours: 1537
  • Voltage: 4160 VOLTS
  • Capacity Speed: 1200 RPM
  • Power Rating: 4300 KVA
  • Capacity Size: 3440 KW
  • Model: LSA 54 UL11-6P
  • Serial Number: 281007
  • Manufacturer Name: Leroy Somer
  • Fuel Type: GAS
  • Year: 1999
  • CE Marked: YES
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: OR, USA

We buy Leroy Somer LSA 54 UL11-6P 281007 3440 KW 4300 KVA 1200 RPM 4160 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Klockner CP10 300 BPM differents formats 6 BAR 380 VOLTS | Blister Packaging Lines

  • Products Run: tablets / capsules
  • Model: CP10
  • Year: 1990/2008
  • Manufacturer Name: Klockner
  • Product Sizing: differents formats
  • Capacity Speed: 300 BPM
  • Machinery Dimensions: 157.48 x 59.06 x 78.74 in
  • Feeder: AUTOMATIC
  • Machinery Weight: 6613.80 lb
  • Frequency: 50/60
  • Voltage: 380 VOLTS
  • Air Requirements: 6 BAR
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy Klockner CP10 300 BPM differents formats 6 BAR 380 VOLTS in bulk. Click here to get a free valuation.

Quimis Q955P1 220 VOLTS 60 HERTZ 160 KW | Vacuum Pumps

  • Machinery Dimensions: 9.06 x 5.12 x 9.84 in
  • Machinery Dimensions: 9.06 x 4.72 x 9.84 in
  • Current: 160 KW
  • Model: Q955P1
  • Manufacturer Name: Quimis
  • Machinery Weight: 19.84 lb
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 60 HERTZ
  • Located in: Sao Paulo, Brazil

We buy Quimis Q955P1 220 VOLTS 60 HERTZ 160 KW in bulk. Click here to get a free valuation.

Mesal Maper SA Tribloc Evolution MEL 50-60-15 24000 BPH | Fillers

  • Machinery Dimensions: 305.12 x 106.30 x 100.39 in
  • Number of heads: 50-60-15
  • Average operating speed: 24000 BPH
  • Application Range (Ex Min/Max Range Size Bottles or Tubes, Shape of Bottle): Up to 500 ml
  • Model: Tribloc Evolution MEL 50-60-15
  • Manufacturer Name: Mesal Maper SA
  • Can Seller Provide a Sample of Product Run: no
  • Frequency: HERTZ
  • Voltage: VOLTS
  • Machinery Weight: 13227.60 lb
  • Type of Filler: ROTARY
  • Year: 2014
  • Recommended Packaging Form: CUSTOM
  • Located in: Tocancipá, Colombia

We buy Mesal Maper SA Tribloc Evolution MEL 50-60-15 24000 BPH in bulk. Click here to get a free valuation.

COPRINOX STAINLESS STEEL STAINLESS STEEL CARBON BLOCK CARBON STEEL CARBON STEEL 5 BAR 5 BAR 0.75 in | Heat Exchangers/Condensers

  • Tube Temperature Rating: 200 DEG C
  • Tube Pressure Rating: 5 BAR
  • Shell Temperature Rating: 200 DEG C
  • Shell Pressure Rating: 5 BAR
  • Capacity of Heat Exchanger: 113.02 sq ft
  • Machinery Weight: 760.59 lb
  • Machinery Dimensions: 81.89 x 14.02 x 25.20 in
  • Tube Diameter: 0.75 in
  • Manufacturer Name: COPRINOX
  • Frame Material of Construction: CARBON STEEL
  • Plate Material of Construction: CARBON STEEL
  • Tube Material of Construction: STAINLESS STEEL
  • Block Material of Construction: CARBON BLOCK
  • Shell Material of Construction: STAINLESS STEEL
  • Type of Heat Exchanger: SHELL AND TUBE
  • Located in: Europe

We buy COPRINOX STAINLESS STEEL STAINLESS STEEL CARBON BLOCK CARBON STEEL CARBON STEEL 5 BAR 5 BAR 0.75 in in bulk. Click here to get a free valuation.

Retsch SM200 | Milling Machines

  • Machinery Dimensions: 22.68 x 29.92 x 65.94 in
  • Variable Speed: No
  • Model: SM200
  • Manufacturer Name: Retsch
  • Type Milling Machine: VERTICAL
  • Year: 2016
  • Machinery Weight: 198.41 lb
  • CE Marked: YES
  • Located in: Latin America

We buy Retsch SM200 in bulk. Click here to get a free valuation.

Master Vibratori 120/230 VOLTS 50/60 HERTZ | Unscramblers

  • Machinery Dimensions: 31.50 x 31.50 x 47.24 in
  • Manufacturer Name: Master Vibratori
  • Machinery Weight: 132.28 lb
  • Voltage: 120/230 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Europe

We buy Master Vibratori 120/230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

RBS Equipment Designs IABLS 220 VOLTS | Induction Sealers

  • Machinery Dimensions: 60 x 48 x 50 IN
  • Model: IABLS
  • Manufacturer Name: RBS Equipment Designs
  • Capacity Speed: 0
  • Machinery Weight: 1500 LBS
  • Voltage: 220 VOLTS
  • Located in: North America

We buy RBS Equipment Designs IABLS 220 VOLTS 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.

Tecan Ultra Evolution | Microplate Readers

  • Model: Ultra Evolution
  • Manufacturer Name: Tecan
  • Located in: North America

We buy Tecan Ultra Evolution in bulk. Click here to get a free valuation.

Allen Bradley | Miscellaneous Lab Equipment

  • Machinery Weight: 75 LBS
  • Machinery Dimensions: 36 x 36 x 36 IN
  • Manufacturer Name: Allen Bradley
  • Recommended Packaging Form: CUSTOM
  • Located in: MA, USA

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

Fluke 2635A 7817035 100-240 VOLTS 50/60 HERTZ | Electronic Testing and Measurement Equipment

  • Serial Number: 7817035
  • Machinery Dimensions: 11 x 6 x 4 IN
  • Model: 2635A
  • Manufacturer Name: Fluke
  • Machinery Weight: 15 LBS
  • Voltage: 100-240 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: UT, USA

We buy Fluke 2635A 7817035 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Ekato Fluid EM 2040 50122020 20-118 RPM PROP STYLE | Agitators

  • Serial Number: 50122020
  • Machinery Dimensions: 88 x 27 x 31 IN
  • Type of Agitation: PROP STYLE
  • Output Speed: 20-118 RPM
  • Model: EM 2040
  • Manufacturer Name: Ekato Fluid
  • Mounting Style: FLANGE
  • Year: 2018
  • Machinery Weight: 400 LBS
  • Recommended Packaging Form: CRATE
  • Located in: MA, USA

We buy Ekato Fluid EM 2040 50122020 20-118 RPM PROP STYLE in bulk. Click here to get a free valuation.

Aquastore 2519TT 8050206 68000 GALS PAD MOUNTED 25.18 FT 25.0 FT 19.26 FT 19.26 FT | Tanks

  • Model: 2519TT
  • Serial Number: 8050206
  • Machinery Weight: 25000 LBS
  • Machinery Dimensions: 25.18 x 25.18 x 19.26 FT
  • Straight Side: 19.26 FT
  • Overall Height: 19.26 FT
  • Inside Diameter: 25.0 FT
  • Outside Diameter: 25.18 FT
  • Tank Material of Construction: SANITARY STAINLESS STEEL
  • Capacity of Tank: 68000 GALS
  • Manufacturer Name: Aquastore
  • Installation Type: PAD MOUNTED
  • Vertical or Horizontal: VERTICAL
  • Type of Bottom Head: FLAT
  • Type of Top Head: FLAT
  • Glass Lined - Does Vessel Have Plugs: NO
  • Recommended Packaging Form: CUSTOM
  • Agitation: NO
  • Jacketed: NO
  • CE Marked: NO
  • Located in: PR, USA

We buy Aquastore 2519TT 8050206 68000 GALS PAD MOUNTED 25.18 FT 25.0 FT 19.26 FT 19.26 FT in bulk. Click here to get a free valuation.

Distek 7100 7101319 115 VOLTS 50/60 HERTZ 15.00 AMPS | Dissolution Systems

  • Serial Number: 7101319
  • Machinery Dimensions: 39 x 19 x 35 IN
  • Current: 15.00 AMPS
  • Number of Stations: 7
  • Model: 7100
  • Manufacturer Name: Distek
  • Machinery Weight: 90 LBS
  • Voltage: 115 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Distek 7100 7101319 115 VOLTS 50/60 HERTZ 15.00 AMPS in bulk. Click here to get a free valuation.

Princeton Instruments SP-2500 | Spectrometers

  • Machinery Weight: 74 LBS
  • Machinery Dimensions: 49 x 9 x 14 IN
  • Model: SP-2500
  • Manufacturer Name: Princeton Instruments
  • Located in: Jouy-En-Josas, France

We buy Princeton Instruments SP-2500 in bulk. Click here to get a free valuation.

Mettler Toledo PM4800 3600-4100 G | Miscellaneous

  • Machinery Dimensions: 37.40 x 15.75 x 11.81 in
  • Capacity Size: 3600-4100 G
  • Model: PM4800
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 33.07 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Bridgend , Wales, United Kingdom

We buy Mettler Toledo PM4800 3600-4100 G in bulk. Click here to get a free valuation.

Tessilmeccanica Saronno Srl FZ4 1998 980611 | Single Screw Extruders

  • Machinery Dimensions: 9.84 x 6.56 x 16.40 ft
  • Model: FZ4 1998
  • Serial Number: 980611
  • Manufacturer Name: Tessilmeccanica Saronno Srl
  • Machinery Weight: 13227.60 lb
  • Recommended Packaging Form: CUSTOM
  • Year: 1998
  • Located in: Estado de Mexico, Mexico

We buy Tessilmeccanica Saronno Srl FZ4 1998 980611 in bulk. Click here to get a free valuation.

Waters XEVO TQ MS | UPLC

  • Model: XEVO TQ MS
  • Machinery Dimensions: 48 x 48 x 50 IN
  • Manufacturer Name: Waters
  • Machinery Weight: 450 LBS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Waters XEVO TQ MS in bulk. Click here to get a free valuation.

Pester Pac Automation PEWO-form SLP2 6 BAR 400 VOLTS 50 HERTZ 25 AMPS | Case Packers

  • Machinery Dimensions: 78.74 x 118.11 x 78.74 in
  • Model: PEWO-form SLP2
  • Manufacturer Name: Pester Pac Automation
  • Current: 25 AMPS
  • Machinery Weight: 8818.40 lb
  • Voltage: 400 VOLTS
  • Air Requirements: 6 BAR
  • Year: 2015
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Europe

We buy Pester Pac Automation PEWO-form SLP2 6 BAR 400 VOLTS 50 HERTZ 25 AMPS in bulk. Click here to get a free valuation.

Gami S.r.l. R400 400 VOLTS 50 HERTZ 9.75 AMPS | Chocolates

  • Model: R400
  • Current: 9.75 AMPS
  • Manufacturer Name: Gami S.r.l.
  • Machinery Dimensions: 19.69 x 19.69 x 59.06 in
  • Voltage: 400 VOLTS
  • Machinery Weight: 1102.30 lb
  • Year: 2006
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy Gami S.r.l. R400 400 VOLTS 50 HERTZ 9.75 AMPS in bulk. Click here to get a free valuation.

Mettler Toledo DL38 (Karl Fisher) 5117516659 1998 BAR 230 VOLTS 50/60 HERTZ | Humidity Testing Equipment

  • Machinery Dimensions: 16.54 x 13.78 x 15.75 in
  • Capacity Details: 1 titatio vessel
  • Air Requirements: 1998 BAR
  • Model: DL38 (Karl Fisher)
  • Serial Number: 5117516659
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 88.18 lb
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Year: 1998
  • Located in: Spain

We buy Mettler Toledo DL38 (Karl Fisher) 5117516659 1998 BAR 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Yaskawa XU-RC350D-D91 S03489-1-01 | Miscellaneous

  • Serial Number: S03489-1-01
  • Machinery Weight: 185 LBS
  • Machinery Dimensions: 29 x 29 x 52 IN
  • Model: XU-RC350D-D91
  • Manufacturer Name: Yaskawa
  • Year: 2011
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: San Jose, CA, USA

We buy Yaskawa XU-RC350D-D91 S03489-1-01 in bulk. Click here to get a free valuation.

Neu Trans Systems 440 VOLTS 60 HERTZ STAINLESS STEEL AIR CONVEYOR | Conveyors

  • Machinery Dimensions: 3795.28 x 39.37 x 86.61 in
  • Manufacturer Name: Neu Trans Systems
  • Type of Conveyors: AIR CONVEYOR
  • Type of Feet: STRAIGHT
  • Portable: NO
  • Guide Rails: YES
  • Voltage: 440 VOLTS
  • Machinery Weight: 17636.80 lb
  • Material of Construction: STAINLESS STEEL
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Latin America

We buy Neu Trans Systems 440 VOLTS 60 HERTZ STAINLESS STEEL AIR CONVEYOR in bulk. Click here to get a free valuation.

Thermo Fisher Scientific GPR Series MR5PA-SEEE-TS 115 VOLTS 50/60 HERTZ | Refrigerators

  • Machinery Dimensions: 64 x 32 x 40 IN
  • Model: GPR Series
  • Serial Number: MR5PA-SEEE-TS
  • Manufacturer Name: Thermo Fisher Scientific
  • Machinery Weight: 400 LBS
  • Voltage: 115 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: MA, USA

We buy Thermo Fisher Scientific GPR Series MR5PA-SEEE-TS 115 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Signature Packaging Equipment 2412-TM 020461174 240/120 VOLTS 60 HERTZ | Heat Tunnels

  • Machinery Dimensions: 72 x 36 x 85 IN
  • Voltage: 240/120 VOLTS
  • Serial Number: 020461174
  • Model: 2412-TM
  • Manufacturer Name: Signature Packaging Equipment
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Machinery Weight: 2000 LBS
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy Signature Packaging Equipment 2412-TM 020461174 240/120 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Tektronix Inc. J17 B022852 | Miscellaneous

  • Serial Number: B022852
  • Model: J17
  • Machinery Dimensions: 20 x 24 x 6 IN
  • Manufacturer Name: Tektronix Inc.
  • Machinery Weight: 30 LBS
  • Located in: Salt Lake City, UT, USA

We buy Tektronix Inc. J17 B022852 in bulk. Click here to get a free valuation.

Lab Tech E.T. Parallel Nitrogen Concentrator | Miscellaneous Lab Equipment

  • Model: E.T. Parallel Nitrogen Concentrator
  • Manufacturer Name: Lab Tech
  • Located in: North America

We buy Lab Tech E.T. Parallel Nitrogen Concentrator in bulk. Click here to get a free valuation.

Pewo Pester Collect 21052-10000 STAINLESS STEEL | Tables

  • Machinery Dimensions: 78.74 x 47.24 x 78.74 in
  • Model: Pester Collect
  • Serial Number: 21052-10000
  • Manufacturer Name: Pewo
  • Table Type: 4-SIDED
  • Material of Construction: STAINLESS STEEL
  • Machinery Weight: 2204.60 lb
  • Year: 2015
  • CE Marked: YES
  • Recommended Packaging Form: PALLET
  • Located in: Limburg, Netherlands

We buy Pewo Pester Collect 21052-10000 STAINLESS STEEL in bulk. Click here to get a free valuation.

FSE Energy SH6G 17,585 KW 5881 GPM 425 PSI 460 VOLTS 60 HERTZ 17 AMPS | Heaters

  • Machinery Weight: 32000 LBS
  • Machinery Dimensions: 20 x 12 x 12 FT
  • Air Requirements: 425 PSI
  • Temperature Range: 750 DEG F
  • Capacity Speed: 5881 GPM
  • Capacity Size: 17,585 KW
  • Model: SH6G
  • Manufacturer Name: FSE Energy
  • Current: 17 AMPS
  • Voltage: 460 VOLTS
  • Recommended Packaging Form: 20C (28X20X20)
  • Year: 2015
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy FSE Energy SH6G 17,585 KW 5881 GPM 425 PSI 460 VOLTS 60 HERTZ 17 AMPS in bulk. Click here to get a free valuation.

ACE World Companies 17342 107.5 FT 50 TONS | Miscellaneous

  • Machinery Dimensions: 108 x 7 x 5 FT
  • Lift Style: ELECTRIC
  • Capacity Size: 50 TONS
  • Span width: 107.5 FT
  • Serial Number: 17342
  • Manufacturer Name: ACE World Companies
  • Machinery Weight: 5000 LBS
  • Located in: Skull Valley, UT, USA

We buy ACE World Companies 17342 107.5 FT 50 TONS in bulk. Click here to get a free valuation.

JustRite 25450 45 GALS | Miscellaneous

  • Model: 25450
  • Manufacturer Name: JustRite
  • Machinery Dimensions: 19 x 43 x 66 IN
  • Capacity Size: 45 GALS
  • Machinery Weight: 250 LBS
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy JustRite 25450 45 GALS in bulk. Click here to get a free valuation.

Riken Keiki BL-7000 | Detectors

  • Model: BL-7000
  • Machinery Dimensions: 24 x 17 x 10 IN
  • Manufacturer Name: Riken Keiki
  • Machinery Dimensions: 21 x 17 x 10 IN
  • Machinery Weight: 50 LBS
  • Year: 2004
  • Recommended Packaging Form: 20C (28X20X20)
  • Year: 2002
  • Year: 1995
  • Located in: East Asia/Pacific

We buy Riken Keiki BL-7000 in bulk. Click here to get a free valuation.