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

Surplus Machinery

Palace Packaging Machines P.3/H.15RT 5159 120 VOLTS 60 HERTZ 15 AMPS | Unscramblers

  • Machinery Dimensions: 102 x 81 x 110 IN
  • Serial Number: 5159
  • Model: P.3/H.15RT
  • Machinery Weight: 1600 LBS
  • Manufacturer Name: Palace Packaging Machines
  • Year: 2001
  • Current: 15 AMPS
  • Phase: 1
  • Voltage: 120 VOLTS
  • Recommended Packaging Form: CUSTOM PALLET
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy Palace Packaging Machines P.3/H.15RT 5159 120 VOLTS 60 HERTZ 15 AMPS in bulk. Click here to get a free valuation.

Gerstel 380042 | Liquid Handlers

  • Machinery Dimensions: 43.31 x 19.69 x 19.69 in
  • Serial Number: 380042
  • Manufacturer Name: Gerstel
  • Machinery Weight: 99.21 lb
  • Year: 2011
  • Located in: Belgium

We buy Gerstel 380042 in bulk. Click here to get a free valuation.

S and P | Air Handlers

  • Machinery Dimensions: 37.40 x 47.24 x 47.24 in
  • Manufacturer Name: S and P
  • Capacity Size: lb
  • Voltage: VOLTS
  • Machinery Weight: 661.38 lb
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Located in: Distrito Federal, Mexico

We buy S and P in bulk. Click here to get a free valuation.

SMS HBB15-1.5--A+ | Miscellaneous Lab Equipment

  • Model: HBB15-1.5--A+
  • Manufacturer Name: SMS
  • Located in: North America

We buy SMS HBB15-1.5--A+ in bulk. Click here to get a free valuation.

Amada PEGA 304050 KING 700226 30 TONS 0.25 in 50 IN 40 IN 220 VOLTS 60 HERTZ 20 KW | Turret Punch

  • Machinery Dimensions: 177.17 x 118.11 x 82.68 in
  • Current: 20 KW
  • Maximum Hole Diameter: in
  • Number of Turret Stations: 58
  • Control Model Number: Fanuc 04 PC
  • Travel Y-Axis: 40 IN
  • Travel X-Axis: 50 IN
  • Maximum Thickness Capacity: 0.25 in
  • Maximum Sheet Width: in
  • Maximum Sheet Length: in
  • Tonnage Rating: 30 TONS
  • Model: PEGA 304050 KING
  • Serial Number: 700226
  • Manufacturer Name: Amada
  • Machinery Weight: 33069.00 lb
  • Year: 1999
  • Type of Control: CNC
  • Voltage: 220 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Jalisco, Mexico

We buy Amada PEGA 304050 KING 700226 30 TONS 0.25 in 50 IN 40 IN 220 VOLTS 60 HERTZ 20 KW in bulk. Click here to get a free valuation.

Lasertec Corporation 9MD82SR-11 | Wafer Analyzer

  • Model: 9MD82SR-11
  • Manufacturer Name: Lasertec Corporation
  • Machinery Dimensions: 84 x 60 x 72 IN
  • Machinery Weight: 1200 LBS
  • Year: 1996
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy Lasertec Corporation 9MD82SR-11 in bulk. Click here to get a free valuation.

OK Packing System bv SUPERFORMER 1M 4/60 BAR 400 VOLTS 50 HERTZ no AMPS | Case Erectors

  • Machinery Dimensions: 122.05 x 51.97 x 62.99 in
  • Case Size Finished: Min case size 200 x 150 x75 mm Max case size 450 x 350 x 400 mm
  • Case Size Flat: no
  • Air Requirements: 4/60 BAR
  • Model: SUPERFORMER 1M
  • Manufacturer Name: OK Packing System bv
  • Current: no AMPS
  • Type of Forming: BOTTOM
  • Bottom Sealing: TAPE
  • Year: 2000
  • Voltage: 400 VOLTS
  • Machinery Weight: 2204.60 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy OK Packing System bv SUPERFORMER 1M 4/60 BAR 400 VOLTS 50 HERTZ no AMPS in bulk. Click here to get a free valuation.

Perkin Elmer 180058 | FT-IR

  • Machinery Dimensions: 12 x 9 x 14 IN
  • Serial Number: 180058
  • Machinery Weight: 15 LBS
  • Recommended Packaging Form: 19C (22X15X13)
  • Manufacturer Name: Perkin Elmer
  • Located in: MA, USA

We buy Perkin Elmer 180058 in bulk. Click here to get a free valuation.

Thermo Finnigan LTQ ORBITRAP | Mass Spectrometers

  • Machinery Dimensions: 57 x 35 x 56 IN
  • Manufacturer Name: Thermo Finnigan
  • Model: LTQ Orbitrap
  • Machinery Weight: 1322 LBS
  • Type of Mass Spec: LINEAR TRAP QUAD (LTQ)
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Thermo Finnigan LTQ ORBITRAP in bulk. Click here to get a free valuation.

Comber STAINLESS STEEL 92.49 gal 5 BAR 6 BAR | Reactors

  • Machinery Weight: 1124.35 lb
  • Machinery Dimensions: 26.77 x 26.77 x 89.76 in
  • Jacket Temperature Rating: 170 DEG C
  • Jacket Pressure Rating: 6 BAR
  • Internal Temperature Rating: 170 DEG C
  • Internal Pressure Rating: 5 BAR
  • Capacity of Reactor: 92.49 gal
  • Manufacturer Name: Comber
  • Agitator Location: TOP
  • Grade of Stainless Steel: 316
  • Agitation: YES
  • Reactor Material of Construction: STAINLESS STEEL
  • Located in: Europe

We buy Comber STAINLESS STEEL 92.49 gal 5 BAR 6 BAR in bulk. Click here to get a free valuation.

CAM Packaging Systems G35 A 0227.03.G35 35 CPM 380 VOLTS 50 HERTZ | Wrappers/Overwrappers/Bundlers

  • Serial Number: A 0227.03.G35
  • Manufacturer Name: CAM Packaging Systems
  • Model: G35
  • Capacity Speed: 35 CPM
  • Machinery Dimensions: 59.06 x 98.43 x 78.74 in
  • Year: 1997
  • Voltage: 380 VOLTS
  • Machinery Weight: 4409.20 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Poland

We buy CAM Packaging Systems G35 A 0227.03.G35 35 CPM 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Invitrogen Power Ease 500 200-240 VOLTS 50/60 HERTZ | Miscellaneous

  • Machinery Dimensions: 13.78 x 11.81 x 7.87 in
  • Model: Power Ease 500
  • Manufacturer Name: Invitrogen
  • Machinery Weight: 15.43 lb
  • Voltage: 200-240 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Invitrogen Power Ease 500 200-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Techne FC-200 179526-10 115 VOLTS 50/60 HERTZ 8 AMPS | Waterbaths and Circulators

  • Machinery Dimensions: 20.08 x 25.00 x 20.08 in
  • Model: FC-200
  • Serial Number: 179526-10
  • Manufacturer Name: Techne
  • Machinery Weight: 88.18 lb
  • Voltage: 115 VOLTS
  • CE Marked: YES
  • Current: 8 AMPS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Colombia

We buy Techne FC-200 179526-10 115 VOLTS 50/60 HERTZ 8 AMPS in bulk. Click here to get a free valuation.

Binder CB160 39.64 gal 230 VOLTS | Incubators

  • Machinery Dimensions: 29.53 x 29.53 x 31.50 in
  • Temperature Range: 28 - 60 DEG C
  • Model: CB160
  • Capacity Size: 39.64 gal
  • Manufacturer Name: Binder
  • CO2 Control: YES
  • Machinery Weight: 264.55 lb
  • Year: 2014
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Located in: Belgium

We buy Binder CB160 39.64 gal 230 VOLTS in bulk. Click here to get a free valuation.

Custom Made A/S A-105 3 IN 3 IN | Pipe, Fittings and Hoses

  • Machinery Dimensions: 3 x 3 x 1 IN
  • Inlet Size: 3 IN
  • Model: A/S A-105
  • Manufacturer Name: Custom Made
  • Outlet Size: 3 IN
  • Machinery Weight: 10 LBS
  • Located in: North America

We buy Custom Made A/S A-105 3 IN 3 IN in bulk. Click here to get a free valuation.

Binder KB240 0464088. 230 VOLTS 50/60 HERTZ | Incubators

  • Serial Number: 0464088.
  • Machinery Dimensions: 43.31 x 35.43 x 70.87 in
  • Model: KB240
  • Manufacturer Name: Binder
  • Machinery Weight: 374.78 lb
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Wales, United Kingdom

We buy Binder KB240 0464088. 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Hewlett Packard 1050 HPLC | HPLC

  • Model: 1050 HPLC
  • Manufacturer Name: Hewlett Packard
  • Located in: North America

We buy Hewlett Packard 1050 HPLC in bulk. Click here to get a free valuation.

TurboFil Packaging Machines, LLC. MCC-060 60 BPM 80 PSI 208 VOLTS 60 HERTZ 12 AMPS | Cappers

  • Machinery Dimensions: 57 x 60 x 67 IN
  • Model: MCC-060
  • Manufacturer Name: TurboFil Packaging Machines, LLC.
  • Capacity Speed: 60 BPM
  • Machinery Weight: 750 LBS
  • Type of Capping: CRIMP
  • Current: 12 AMPS
  • Type of Capper: ROTARY
  • Air Requirements: 80 PSI
  • Year: 2008
  • Voltage: 208 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy TurboFil Packaging Machines, LLC. MCC-060 60 BPM 80 PSI 208 VOLTS 60 HERTZ 12 AMPS in bulk. Click here to get a free valuation.

Budzar Industries 10T-360300-GOM-SP 201301-21487 480 VOLTS 60 HERTZ 150 PSI | Boilers

  • Machinery Dimensions: 235 x 111 x 103 IN
  • Pressure Rating (Temperature): 428 DEG F
  • Model: 10T-360300-GOM-SP
  • Serial Number: 201301-21487
  • Manufacturer Name: Budzar Industries
  • Boiler Type: OIL
  • Fuel Type: ELECTRIC
  • Pressure Rating (Pressure): 150 PSI
  • Machinery Weight: 6000 LBS
  • Year: 2013
  • Recommended Packaging Form: CRATE
  • Voltage: 480 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: MA, USA

We buy Budzar Industries 10T-360300-GOM-SP 201301-21487 480 VOLTS 60 HERTZ 150 PSI in bulk. Click here to get a free valuation.

Becton Dickinson BD FACSCalibur E 14600005 50/60 HERTZ | Miscellaneous

  • Machinery Weight: 1091.28 lb
  • Machinery Dimensions: 47.24 x 51.18 x 19.69 in
  • Model: BD FACSCalibur
  • Serial Number: E 14600005
  • Manufacturer Name: Becton Dickinson
  • Year: 2007
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Becton Dickinson BD FACSCalibur E 14600005 50/60 HERTZ in bulk. Click here to get a free valuation.

JustRite 29824 22 GALS | Miscellaneous

  • Machinery Weight: 125 LBS
  • Machinery Dimensions: 19 x 24 x 66 IN
  • Model: 29824
  • Capacity Size: 22 GALS
  • Manufacturer Name: JustRite
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy JustRite 29824 22 GALS in bulk. Click here to get a free valuation.

CAM hv/1 | Horizontal Cartoners

  • Machinery Dimensions: 295.28 x 78.74 x 78.74 in
  • Model: HV/1
  • Manufacturer Name: CAM
  • Machinery Weight: 6613.80 lb
  • Year: 2004
  • CE Marked: YES
  • Located in: Europe

We buy CAM hv/1 in bulk. Click here to get a free valuation.

Hermle Labortechnik Z 200 A 44010172 230 VOLTS 50/60 HERTZ 100 WATTS | Laboratory Centrifuges

  • Serial Number: 44010172
  • Model: Z 200 A
  • Machinery Dimensions: 13.78 x 11.81 x 11.81 in
  • Max Speed: 6000rpm
  • Manufacturer Name: Hermle Labortechnik
  • Current: 100 WATTS
  • Machinery Weight: 110.23 lb
  • Year: 2001
  • Voltage: 230 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Medan, Indonesia

We buy Hermle Labortechnik Z 200 A 44010172 230 VOLTS 50/60 HERTZ 100 WATTS in bulk. Click here to get a free valuation.

IMA Zanasi ZANPLUS 48F PD 1007 48000 CPH 400 VOLTS 60 HERTZ 25 AMPS | Encapsulation Machines and Capsule Fillers

  • Machinery Weight: 2425.06 lb
  • Machinery Dimensions: 4 x 5 x 6 FT
  • Capacity Speed: 48000 CPH
  • Serial Number: PD 1007
  • Model: ZANPLUS 48F
  • Manufacturer Name: IMA Zanasi
  • Current: 25 AMPS
  • Year: 2004
  • Voltage: 400 VOLTS
  • Recommended Packaging Form: CRATE
  • CE Marked: YES
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: ON, Canada

We buy IMA Zanasi ZANPLUS 48F PD 1007 48000 CPH 400 VOLTS 60 HERTZ 25 AMPS in bulk. Click here to get a free valuation.

Sollas Holland B.V. 17 356-010 220 VOLTS 60 HERTZ | Wrappers/Overwrappers/Bundlers

  • Model: 17
  • Serial Number: 356-010
  • Manufacturer Name: Sollas Holland B.V.
  • Year: 1992
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Voltage: 220 VOLTS
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: NJ, USA

We buy Sollas Holland B.V. 17 356-010 220 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Mono Equipment 100 | Food Equipment

  • Manufacturer Name: Mono Equipment
  • Machinery Dimensions: 0.00 x 0.00 x 0.00 in
  • Machinery Weight: 0.00 lb
  • Model: 100
  • Located in: Europe

We buy Mono Equipment 100 in bulk. Click here to get a free valuation.

Preci unknown | Mixers

  • Machinery Dimensions: 62.99 x 39.37 x 59.06 in
  • Manufacturer Name: Preci
  • Type of mixer: CONVENTIONAL
  • Machinery Weight: 1102.30 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

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

Agilent Technologies 33220A MY44006611 | Miscellaneous

  • Machinery Dimensions: 12 x 9 x 4 IN
  • Model: 33220A
  • Serial Number: MY44006611
  • Machinery Weight: 5 LBS
  • Manufacturer Name: Agilent Technologies
  • Recommended Packaging Form: 12C (12X12X12)
  • CE Marked: YES
  • Located in: Hillsboro, OR, USA

We buy Agilent Technologies 33220A MY44006611 in bulk. Click here to get a free valuation.

Waters SYNAPT | Mass Spectrometers

  • Model: SYNAPT
  • Machinery Dimensions: 50 x 50 x 60 IN
  • Manufacturer Name: Waters
  • Machinery Weight: 800 LBS
  • Type of Mass Spec: Q-TOF
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

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

Garvens S2 321661. 600 G 115 VOLTS 60 HERTZ | Check Weighers

  • Model: S2
  • Serial Number: 321661.
  • Manufacturer Name: Garvens
  • Capacity Size: 600 G
  • Machinery Dimensions: 157.48 x 78.74 x 70.87 in
  • Machinery Weight: 330.69 lb
  • Voltage: 115 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 60 HERTZ
  • Located in: Wales, United Kingdom

We buy Garvens S2 321661. 600 G 115 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Verinox PFL 1748 220 VOLTS 50 HERTZ 0.1 KW STAINLESS STEEL | Seasoners

  • Serial Number: 1748
  • Model: PFL
  • Manufacturer Name: Verinox
  • Current: 0.1 KW
  • Machinery Dimensions: 31.50 x 23.62 x 62.99 in
  • Machinery Weight: 0.00 lb
  • Material of Construction: STAINLESS STEEL
  • Year: 1996
  • Frequency: 50 HERTZ
  • Voltage: 220 VOLTS
  • Phase: 1
  • Located in: Spain

We buy Verinox PFL 1748 220 VOLTS 50 HERTZ 0.1 KW STAINLESS STEEL in bulk. Click here to get a free valuation.

Mixing Vessels - Custom N/A STAINLESS STEEL 344.49 ft 623.36 ft 3.28 ft | Mixing Vessels

  • Overall Height: 623.36 ft
  • Inside Diameter: 344.49 ft
  • Manufacturer Name: Mixing Vessels - Custom
  • Straight Side: 3.28 ft
  • Machinery Dimensions: 6.56 x 6.56 x 6.56 ft
  • Model: n/a
  • Type of Bottom Head: HEMISPHERICAL
  • Agitation: YES
  • Type of Top Head: FLAT
  • Tank Material of Construction: STAINLESS STEEL
  • Machinery Weight: 2204.60 lb
  • Jacketed: NO
  • Located in: Europe

We buy Mixing Vessels - Custom N/A STAINLESS STEEL 344.49 ft 623.36 ft 3.28 ft in bulk. Click here to get a free valuation.

Probat Werke 99 40148 99/40148-3 10 AMPS 50 HERTZ 400 VOLTS | Grinders

  • Machinery Dimensions: 19.69 x 17.72 x 86.61 in
  • Serial Number: 99/40148-3
  • Model: 99 40148
  • Manufacturer Name: Probat Werke
  • Number of Heads: 3
  • Year: 1999
  • Current: 10 AMPS
  • Voltage: 400 VOLTS
  • Machinery Weight: 551.15 lb
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Cyprus

We buy Probat Werke 99 40148 99/40148-3 10 AMPS 50 HERTZ 400 VOLTS in bulk. Click here to get a free valuation.

TMG Automated Packaging FormPaQ 2 Speed 6/7 BAR 400 VOLTS 50/60 HERTZ 5.2 AMPS | Case Erectors

  • Machinery Dimensions: 82.68 x 82.68 x 86.42 in
  • Current: 5.2 AMPS
  • Type of Forming: BOTTOM
  • Bottom Sealing: TAPE
  • Air Requirements: 6/7 BAR
  • Model: FormPaQ 2 Speed
  • Manufacturer Name: TMG Automated Packaging
  • Year: 2018
  • Voltage: 400 VOLTS
  • Machinery Weight: 5511.50 lb
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Located in: Egypt

We buy TMG Automated Packaging FormPaQ 2 Speed 6/7 BAR 400 VOLTS 50/60 HERTZ 5.2 AMPS in bulk. Click here to get a free valuation.

Weber Maschinenbau GmbH MSG-460-5 937 0.18 KW 50 HERTZ 400 VOLTS | Grinders

  • Machinery Dimensions: 31.50 x 27.56 x 69.29 in
  • Serial Number: 937
  • Model: MSG-460-5
  • Current: 0.18 KW
  • Manufacturer Name: Weber Maschinenbau GmbH
  • Machinery Weight: 187.39 lb
  • Voltage: 400 VOLTS
  • Year: 2005
  • Frequency: 50 HERTZ
  • Phase: 3
  • Located in: Spain

We buy Weber Maschinenbau GmbH MSG-460-5 937 0.18 KW 50 HERTZ 400 VOLTS in bulk. Click here to get a free valuation.

Waters Quattro Premier | Chromatography

  • Model: Quattro Premier
  • Manufacturer Name: Waters
  • Machinery Dimensions: 48 x 48 x 40 IN
  • Machinery Weight: 250 LBS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: North America

We buy Waters Quattro Premier in bulk. Click here to get a free valuation.

Hazleton 4 DN VS 250 GPM 4 IN 4 IN STAINLESS STEEL 6.3 HP | Sump Pumps

  • Machinery Dimensions: 16 x 4 x 4 FT
  • RPM: 1200
  • Horsepower: 6.3 HP
  • Capacity Speed: 250 GPM
  • Model: 4 DN VS
  • Manufacturer Name: Hazleton
  • Outlet Size: 4 IN
  • Inlet Size: 4 IN
  • Year: 1997
  • Material of Construction: STAINLESS STEEL
  • Machinery Weight: 2000 LBS
  • Located in: North America

We buy Hazleton 4 DN VS 250 GPM 4 IN 4 IN STAINLESS STEEL 6.3 HP in bulk. Click here to get a free valuation.

Tomy Tech U.S.A. MX-160 HIGH SPEED REFRIGERATED MICRO CENTRIFUGE | Laboratory Centrifuges

  • Model: MX-160 HIGH SPEED REFRIGERATED MICRO CENTRIFUGE
  • Manufacturer Name: Tomy Tech U.S.A.
  • Located in: North America

We buy Tomy Tech U.S.A. MX-160 HIGH SPEED REFRIGERATED MICRO CENTRIFUGE in bulk. Click here to get a free valuation.

Universal Machine Company 2000 120 VOLTS 50/60 HERTZ | Assembly Packaging

  • Machinery Dimensions: 32 x 12 x 10 FT
  • Model: 2000
  • Manufacturer Name: Universal Machine Company
  • Machinery Weight: 10000 LBS
  • Frequency: 50/60 HERTZ
  • Voltage: 120 VOLTS
  • Located in: PR, USA

We buy Universal Machine Company 2000 120 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Hitachi Titanium Rotor C40CT4 0081 brand new | Assembly Packaging

  • Serial Number: 0081
  • Machinery Weight: 88.18 lb
  • Machinery Dimensions: 37.80 x 14.96 x 9.45 in
  • Model: Titanium Rotor C40CT4
  • Last Known Date of Operation: brand new
  • Any special features on the system?: YES
  • Any upgrade to the system?: YES
  • Manufacturer Name: Hitachi
  • Is System Running or Powered Off?: RUNNING
  • Fuctional or Non Functional: FUCTIONAL
  • Year: 2013
  • CE Marked: NO
  • Recommended Packaging Form: PALLET
  • Located in: Czech Republic

We buy Hitachi Titanium Rotor C40CT4 0081 brand new in bulk. Click here to get a free valuation.