The company's purpose is to develop, engineer, manufacture and assemble complete systems in plant, apparatus, pipeline and metal construction, as well as to carry out manufacturing and assembly contracts of all kinds, including the provision of repairs and services in these areas. Furthermore, the company aims to trade and distribute goods of all kinds, in particular goods related to welding technology, welding consumables, welding accessories such as personal protective equipment, workplace equipment, device accessories, materials for the treatment of welds, surface treatment and tools of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and 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. It 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.