Operation of a carpentry, joinery and timber construction business as well as construction and sale of buildings in compliance with the LFAIE; the company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose, or merge with such companies, carry out any commercial and financial activity and perform all operations and conclude all contracts suitable for developing its purpose or related thereto directly or indirectly; it may acquire, hold and dispose of real estate.