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

Surplus Machinery

Signatone CM312 | Prober

  • Machinery Dimensions: 4 x 4 x 4 FT
  • Model: CM312
  • Manufacturer Name: Signatone
  • Machinery Weight: 400 LBS
  • Recommended Packaging Form: CRATE
  • Year: 2007
  • Located in: North America

We buy Signatone CM312 in bulk. Click here to get a free valuation.

CCL Labeling Equipment 5005 3707-1 60 PSI 60 HERTZ 8 AMPS | Labelers

  • Machinery Dimensions: 84 x 48 x 54 IN
  • Model: 5005
  • Serial Number: 3707-1
  • Manufacturer Name: CCL Labeling Equipment
  • Type of Labeler: SEMI-AUTOMATIC
  • Number of Labeling Heads: 3
  • Machinery Weight: 400 LBS
  • Air Requirements: 60 PSI
  • Application Type: WRAP
  • Year: 2000
  • Recommended Packaging Form: CUSTOM
  • Current: 8 AMPS
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy CCL Labeling Equipment 5005 3707-1 60 PSI 60 HERTZ 8 AMPS in bulk. Click here to get a free valuation.

IMA HT400 8 BAR 380 VOLTS 50 HERTZ | Conventional Coating Pans

  • Machinery Dimensions: 157.48 x 62.99 x 82.68 in
  • Model: HT400
  • Manufacturer Name: IMA
  • Air Requirements: 8 BAR
  • Year: 1999
  • Voltage: 380 VOLTS
  • Machinery Weight: 4409.20 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Year: 2012
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy IMA HT400 8 BAR 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Gene Vac EZ2.3 230 VOLTS 50 HERTZ | Concentrators

  • Machinery Weight: 194.00 lb
  • Machinery Dimensions: 17.72 x 25.59 x 27.56 in
  • Model: EZ2.3
  • Manufacturer Name: Gene Vac
  • Year: 2014
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • Phase: 1
  • Located in: Singapore

We buy Gene Vac EZ2.3 230 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Arca L12 8607 01-4083-LI. 6 BAR 230 VOLTS 50 HERTZ 4 AMPS | Labelers

  • Machinery Dimensions: 43.31 x 68.90 x 78.74 in
  • Current: 4 AMPS
  • Model: L12 8607
  • Serial Number: 01-4083-LI.
  • Manufacturer Name: Arca
  • Machinery Weight: 661.38 lb
  • Air Requirements: 6 BAR
  • Application Type: WIPE/MERGE
  • Type of Labeler: PRINT AND APPLY
  • Number of Labeling Heads: 1
  • Year: 2009
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Located in: Wales, United Kingdom

We buy Arca L12 8607 01-4083-LI. 6 BAR 230 VOLTS 50 HERTZ 4 AMPS in bulk. Click here to get a free valuation.

Fortress Technologies Inc Phantom NA Frozen Meat 90 PSI 120 VOLTS 50 HERTZ NA AMPS | Miscellaneous

  • Machinery Dimensions: 54 x 16 x 31 IN
  • Current: NA AMPS
  • Products Run: Frozen Meat
  • Serial Number: NA
  • Model: Phantom
  • Automatic Reject: Yes
  • Manufacturer Name: Fortress Technologies Inc
  • Year: 2000
  • Air Requirements: 90 PSI
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 1
  • Voltage: 120 VOLTS
  • Located in: Henderson, NC, USA

We buy Fortress Technologies Inc Phantom NA Frozen Meat 90 PSI 120 VOLTS 50 HERTZ NA AMPS in bulk. Click here to get a free valuation.

AV SYSTEMS IM600 vials, ampoules | Inspection Machines

  • Machinery Dimensions: 94.49 x 41.34 x 68.90 in
  • Model: IM600
  • Products Run: vials, ampoules
  • Product Sizing: Ampoules DIN min-max ml 1-20 Vials DIN min-max ml 1-100
  • Manufacturer Name: AV SYSTEMS
  • Machinery Weight: 771.61 lb
  • Year: 2003
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy AV SYSTEMS IM600 vials, ampoules in bulk. Click here to get a free valuation.

Trane RTHB 150 | Chillers

  • Model: RTHB 150
  • Manufacturer Name: Trane
  • Machinery Dimensions: 118.11 x 39.37 x 70.87 in
  • Machinery Weight: 4409.20 lb
  • Located in: Europe

We buy Trane RTHB 150 in bulk. Click here to get a free valuation.

Bielomatik Leuze GmbH K8700 K8700/013 480 VOLTS 60 HERTZ 12.5 AMPS | Welders

  • Machinery Dimensions: 53.58 x 91.65 x 79.17 in
  • Current: 12.5 AMPS
  • Welding Type: IR
  • Model: K8700
  • Serial Number: K8700/013
  • Manufacturer Name: Bielomatik Leuze GmbH
  • Year: 2016
  • Machinery Weight: 2500 LBS
  • Recommended Packaging Form: CUSTOM
  • Voltage: 480 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: PR, USA

We buy Bielomatik Leuze GmbH K8700 K8700/013 480 VOLTS 60 HERTZ 12.5 AMPS in bulk. Click here to get a free valuation.

Applied Biosystems SCIEX MDS SCIEX Q TRAP | Mass Spectrometers

  • Machinery Dimensions: 48 x 48 x 36 IN
  • Machinery Dimensions: 56 x 50 x 50 IN
  • Type of Mass Spec: ICP-MS
  • Model: MDS SCIEX Q TRAP
  • Manufacturer Name: Applied Biosystems SCIEX
  • Machinery Weight: 450 LBS
  • Type of Mass Spec: MSD
  • Machinery Weight: 500 LBS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Applied Biosystems SCIEX MDS SCIEX Q TRAP in bulk. Click here to get a free valuation.

Waters 2695 J98SM4406M, K98996000M, H98SMH975M NO DETECTOR NO PUMP 100-240 VOLTS 50/60 HERTZ 9,5 AMPS | HPLC

  • Serial Number: J98SM4406M, K98996000M, H98SMH975M
  • Machinery Dimensions: 23.62 x 27.56 x 31.50 in
  • Current: 9,5 AMPS
  • Manufacturer Name: Waters
  • Model: 2695
  • Type of Pump for HPLC: NO PUMP
  • Machinery Weight: 154.32 lb
  • Voltage: 100-240 VOLTS
  • Type of Detector for HPLC: NO DETECTOR
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Antwerpen, Belgium

We buy Waters 2695 J98SM4406M, K98996000M, H98SMH975M NO DETECTOR NO PUMP 100-240 VOLTS 50/60 HERTZ 9,5 AMPS in bulk. Click here to get a free valuation.

Aczet Pvt.Ltd. CZ 15N | Balances

  • Model: CZ 15N
  • Manufacturer Name: Aczet Pvt.Ltd.
  • Located in: North America

We buy Aczet Pvt.Ltd. CZ 15N in bulk. Click here to get a free valuation.

Waters 2487 A02487 514M 100-240 VOLTS 50/60 HERTZ 145 WATTS | Miscellaneous

  • Serial Number: A02487 514M
  • Machinery Dimensions: 20 x 12 x 8 IN
  • Current: 145 WATTS
  • Model: 2487
  • Manufacturer Name: Waters
  • Machinery Weight: 20 LBS
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy Waters 2487 A02487 514M 100-240 VOLTS 50/60 HERTZ 145 WATTS in bulk. Click here to get a free valuation.

Cividac 52.85 gal STAINLESS STEEL 43.31 in 59.06 in 43.31 in 120/230 VOLTS 50/60 HERTZ | Tanks

  • Machinery Dimensions: 43.31 x 43.31 x 59.06 in
  • Number of Inlets and Size: 1
  • Straight Side: 43.31 in
  • Overall Height: 59.06 in
  • Inside Diameter: 43.31 in
  • Manufacturer Name: Cividac
  • Explosion Proof: NO
  • Capacity of Tank: 52.85 gal
  • How Many Types of Agitation: SINGLE
  • Number of Outlets and Size: 1
  • Vertical or Horizontal: VERTICAL
  • Agitation: YES
  • Installation Type: LEGS
  • Type of Bottom Head: FLAT
  • Type of Top Head: FLAT
  • Tank Material of Construction: STAINLESS STEEL
  • Machinery Weight: 440.92 lb
  • Voltage: 120/230 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Jacketed: NO
  • CE Marked: NO
  • Phase: 1
  • Located in: Europe

We buy Cividac 52.85 gal STAINLESS STEEL 43.31 in 59.06 in 43.31 in 120/230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Air Co ARM101760 | Filters

  • Machinery Weight: 2 LBS
  • Machinery Dimensions: 12 x 12 x 13 IN
  • Model: ARM101760
  • Manufacturer Name: Air Co
  • Year: 2008
  • Located in: North America

We buy Air Co ARM101760 in bulk. Click here to get a free valuation.

Grote SNP412 120 TPM | Slicers

  • Model: SNP412
  • Capacity Speed: 120 TPM
  • Machinery Dimensions: 47.24 x 55.12 x 70.87 in
  • Manufacturer Name: Grote
  • Machinery Weight: 661.38 lb
  • Phase: 1
  • Located in: Europe

We buy Grote SNP412 120 TPM in bulk. Click here to get a free valuation.

Carver 3762 130254 | Miscellaneous

  • Machinery Dimensions: 15 x 15 x 24 IN
  • Model: 3762
  • Serial Number: 130254
  • Manufacturer Name: Carver
  • Machinery Weight: 75 LBS
  • Located in: Forest, VA, USA

We buy Carver 3762 130254 in bulk. Click here to get a free valuation.

Cobham Test-A-Pack 2600 316 | Interface Testing Equipment

  • Machinery Dimensions: 27.56 x 19.69 x 27.56 in
  • Model: Test-A-Pack 2600
  • Serial Number: 316
  • Manufacturer Name: Cobham
  • Machinery Weight: 33.07 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Wales, United Kingdom

We buy Cobham Test-A-Pack 2600 316 in bulk. Click here to get a free valuation.

Bandelin RK 510 230 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 19.69 x 11.81 x 13.78 in
  • Model: RK 510
  • Manufacturer Name: Bandelin
  • Machinery Weight: 17.64 lb
  • Year: 2016
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Bandelin RK 510 230 VOLTS 50/60 HERTZ 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.

Andantex VACUSPEED VSP 10P 220 VOLTS unknown AMPS STAINLESS STEEL unknown IN unknown IN unknown IN VACUUM CONVEYOR | Conveyors

  • Machinery Dimensions: 31.50 x 23.62 x 47.24 in
  • Type of Feet: STRAIGHT
  • Guide Rails: NO
  • Type of Conveyor Belt: powder conveyor specialised
  • Type of Conveyors: VACUUM CONVEYOR
  • Screw Length: unknown IN
  • Screw Diameter: unknown IN
  • Belt Size: unknown IN
  • Air Requirements: m3/H 22.8 (max) BAR
  • Current: unknown AMPS
  • Model: VACUSPEED VSP 10P
  • Manufacturer Name: Andantex
  • Portable: YES
  • Frequency: 50/60
  • Year: 2000
  • Machinery Weight: 220.46 lb
  • Material of Construction: STAINLESS STEEL
  • Voltage: 220 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Located in: Europe

We buy Andantex VACUSPEED VSP 10P 220 VOLTS unknown AMPS STAINLESS STEEL unknown IN unknown IN unknown IN VACUUM CONVEYOR in bulk. Click here to get a free valuation.

Newtec Leopard Adhesive 480 F4 S3 E3 PRESSURE SENSITIVE 3000 LPH 220 VOLTS 60 HERTZ 4 KW | Labelers

  • Label Speed: 3000 LPH
  • Model: Leopard Adhesive 480 F4 S3 E3
  • Manufacturer Name: Newtec
  • Current: 4 KW
  • Number of Labeling Heads: 3
  • Type of Labeler: ROTARY
  • Machinery Weight: 1 LBS
  • Machinery Dimensions: 1 x 1 x 1 IN
  • Application Type: WIPE/MERGE
  • Type of Label: PRESSURE SENSITIVE
  • Year: 2005
  • Voltage: 220 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM PALLET
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy Newtec Leopard Adhesive 480 F4 S3 E3 PRESSURE SENSITIVE 3000 LPH 220 VOLTS 60 HERTZ 4 KW in bulk. Click here to get a free valuation.

Sartorius 231855 100-240 VOLTS 50/60 HERTZ | UV Cure

  • Machinery Dimensions: 27.56 x 19.65 x 47.20 in
  • Serial Number: 231855
  • Manufacturer Name: Sartorius
  • Voltage: 100-240 VOLTS
  • Machinery Weight: 121.25 lb
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Switzerland

We buy Sartorius 231855 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Lock Inspection Systems Ltd 9 SP 50/60 HERTZ | Metal Detectors

  • Machinery Dimensions: 35.98 x 24.02 x 23.62 in
  • Model: 9 SP
  • Machinery Weight: 66.14 lb
  • Manufacturer Name: Lock Inspection Systems Ltd
  • Frequency: 50/60 HERTZ
  • Recommended Packaging Form: PALLET
  • Located in: Europe

We buy Lock Inspection Systems Ltd 9 SP 50/60 HERTZ in bulk. Click here to get a free valuation.

HPLC Agilent 1100 System G1314A VWD | HPLC

  • Model: G1314A VWD
  • Manufacturer Name: HPLC Agilent 1100 System
  • Located in: North America

We buy HPLC Agilent 1100 System G1314A VWD in bulk. Click here to get a free valuation.

AFT Group | Food Equipment

  • Machinery Dimensions: 27.56 x 21.65 x 53.15 in
  • Machinery Weight: 440.92 lb
  • Machinery Dimensions: 62.99 x 27.56 x 66.93 in
  • Machinery Weight: 264.55 lb
  • Machinery Dimensions: 86.61 x 31.50 x 70.87 in
  • Manufacturer Name: AFT Group
  • Machinery Weight: 551.15 lb
  • Phase: 3
  • Located in: Europe

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

Werner and Pfleiderer 75 KW 396.39 gal | Mixers

  • Machinery Dimensions: 29.53 x 74.80 x 61.42 in
  • Current: 75 KW
  • Manufacturer Name: Werner and Pfleiderer
  • Capacity Size: 396.39 gal
  • Type of mixer: CONVENTIONAL
  • Machinery Weight: 1322.76 lb
  • Located in: Europe

We buy Werner and Pfleiderer 75 KW 396.39 gal in bulk. Click here to get a free valuation.

Mettler Toledo AE240 200 G 0.1 MG 115-220 VOLTS 50/60 HERTZ | Miscellaneous

  • Model: AE240
  • Machinery Dimensions: 17.72 x 17.72 x 11.81 in
  • Voltage: 115-220 VOLTS
  • Capacity Size: 200 G
  • Degree of Precision: 0.1 MG
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 44.09 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Mettler Toledo AE240 200 G 0.1 MG 115-220 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

GEA 400GL 4160 VOLTS 60 HERTZ | Chillers

  • Machinery Dimensions: 144 x 163 x 144 IN
  • Tonnage: 150
  • Temperature Range: -12 to -22 DEG F
  • Model: 400GL
  • Manufacturer Name: GEA
  • Voltage: 4160 VOLTS
  • Machinery Weight: 10000 LBS
  • Year: 2015
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: NJ, USA

We buy GEA 400GL 4160 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Kyoung Sung Parts Cleaner | Wet Process

  • Model: Parts Cleaner
  • Manufacturer Name: Kyoung Sung
  • Machinery Dimensions: 84 x 60 x 72 IN
  • Year: 1991
  • Machinery Weight: 2500 LBS
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy Kyoung Sung Parts Cleaner in bulk. Click here to get a free valuation.

Euromac ZX1250/30 MDC314209A 30 TONS 51.18 in 78.74 in 3.50 in 220 VOLTS 60 HERTZ | Turret Punch

  • Machinery Weight: 12001.84 lb
  • Machinery Dimensions: 131.89 x 88.98 x 74.80 in
  • Maximum Hole Diameter: 3.50 in
  • Travel Y-Axis: 78.74 in
  • Travel X-Axis: 51.18 in
  • Model: ZX1250/30
  • Serial Number: MDC314209A
  • Manufacturer Name: Euromac
  • Tonnage Rating: 30 TONS
  • Year: 2002
  • Voltage: 220 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Colombia

We buy Euromac ZX1250/30 MDC314209A 30 TONS 51.18 in 78.74 in 3.50 in 220 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Tektronix Inc. J17 B022828 | Miscellaneous

  • Serial Number: B022828
  • 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 B022828 in bulk. Click here to get a free valuation.

Linx 6200 110 VOLTS 60 HERTZ INK JET | Printing or Code Markers

  • Machinery Dimensions: 20 x 18 x 60 IN
  • Model: 6200
  • Manufacturer Name: Linx
  • Machinery Weight: 100 LBS
  • Method of Code Dater: INK JET
  • Voltage: 110 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy Linx 6200 110 VOLTS 60 HERTZ INK JET in bulk. Click here to get a free valuation.

Kronen Spirello | Fruit Vegetable and Salad

  • Machinery Dimensions: 31.50 x 11.81 x 19.69 in
  • Model: Spirello
  • Manufacturer Name: Kronen
  • Year: 2016
  • Machinery Weight: 220.46 lb
  • Located in: Europe

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

Apple Engineering MD65 | Depositors

  • Model: MD65
  • Manufacturer Name: Apple Engineering
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 ft
  • Machinery Weight: 0.00 lb
  • Located in: Europe

We buy Apple Engineering MD65 in bulk. Click here to get a free valuation.

Agilent Technologies G1365B | HPLC

  • Model: G1365B
  • Manufacturer Name: Agilent Technologies
  • Located in: North America

We buy Agilent Technologies G1365B in bulk. Click here to get a free valuation.

Femto Ind. Com. Instrumentos Ltda 482 220 VOLTS 50/60 HERTZ | Spectrophotometers

  • Machinery Weight: 61.73 lb
  • Machinery Dimensions: 18.90 x 14.17 x 9.45 in
  • Model: 482
  • Manufacturer Name: Femto Ind. Com. Instrumentos Ltda
  • Voltage: 220 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Brazil

We buy Femto Ind. Com. Instrumentos Ltda 482 220 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Schutte and Koerting 7010 | Air Washers/Scrubber

  • Machinery Dimensions: 70 x 48 x 20 IN
  • Capacity Speed: 498 CU FT/MIN
  • Model: 7010
  • Manufacturer Name: Schutte and Koerting
  • Machinery Weight: 500 LBS
  • Located in: North America

We buy Schutte and Koerting 7010 in bulk. Click here to get a free valuation.

Christ Alpha 2-4 9481; 8901; 20052942 0.04 in 0.04 in 230 VOLTS 50 HERTZ 6 AMPS | Miscellaneous

  • Machinery Dimensions: 129.92 x 27.56 x 23.62 in
  • Distance Between Shelves: 0.04 in
  • Usable Shelf Area: 1 SQ FT
  • Size of Shelves - length x width: 0.04 in
  • Number of Shelves: 1
  • Serial Number: 9481; 8901; 20052942
  • Model: Alpha 2-4
  • Manufacturer Name: Christ
  • Stoppering Capable: NO
  • Machinery Weight: 793.66 lb
  • Year: 2001
  • Current: 6 AMPS
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Located in: Basel, Basel, Switzerland

We buy Christ Alpha 2-4 9481; 8901; 20052942 0.04 in 0.04 in 230 VOLTS 50 HERTZ 6 AMPS in bulk. Click here to get a free valuation.

Filtrine PCP-75OAE-96 230 VOLTS | Chillers

  • Machinery Dimensions: 6.5 x 3 x 6 FT
  • Model: PCP-75OAE-96
  • Year: 96
  • Manufacturer Name: Filtrine
  • Frequency: 60
  • Voltage: 230 VOLTS
  • Machinery Weight: 1500 LBS
  • Phase: 3
  • Recommended Packaging Form: PALLET
  • Located in: North America

We buy Filtrine PCP-75OAE-96 230 VOLTS in bulk. Click here to get a free valuation.