The company's purpose is to manufacture and distribute switchboards, electrical devices and electrical controls, as well as to trade in goods of all kinds. The company also aims to register, acquire, manage and dispose of patents, trademarks, designs and models and other intellectual property rights, as well as to acquire and dispose of licenses and know-how. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. In particular, it may provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for its direct and indirect subsidiaries and third parties. It may also grant loans or other financing to its affiliated companies, either directly or indirectly, for consideration or free of charge, and provide securities of all kinds.