The company's purpose is the manufacture and sale of tools, possibly all other similar items, as well as the research and development of production methods for machining hard metal and other special metals. The company may buy and sell real estate. It may establish branches in Switzerland and abroad. It may assume participations in all companies in Switzerland and abroad, acquire or create similar or similar companies and take charge of all operations and functions that are intended to develop the purpose of the company or have a direct or indirect connection with its object.