The purpose of the company is the trade in, import and export of remotely controlled valves and industrial valves. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad, except for real estate transactions prohibited by the Federal Act on the Acquisition of Real Estate by Persons Abroad (BewG). It may also provide financing for its own account or for the account of third parties, as well as provide securities for the liabilities of affiliated companies.