The purpose of the company is the purchase, sale and trade of used machines and their parts, spare parts and accessories, as well as the provision of work and services. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies and conduct all business that is directly or indirectly related to its purpose. The company is authorized to acquire, encumber, sell and manage real estate in Switzerland and abroad. Furthermore, the company may conduct all business that is suitable to promote the development of the company and the achievement of its purpose. The company may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.