The purpose of the company is the manufacture and distribution of pumps of all kinds, as well as accessories for pumps and all items related thereto, and the provision of services related thereto. The company may acquire, develop, manage and exploit patents, licenses and manufacturing processes, finance and promote any kind of business, acquire and dispose of real estate and conduct other business to the extent that these are related to the purpose of the company. The company may establish branches, subsidiaries and agencies, both domestically and abroad, and participate in other companies, both domestically and abroad, in any form. The company exercises these business activities as a member of the Flowserve Group. The company may, in particular, also participate in group financing, in particular by granting loans to its direct or indirect shareholders or other group companies or by providing guarantees or other securities of any kind for their liabilities to third parties, even if such loans or securities are in the sole interest of its direct or indirect shareholders or other group companies and are granted free of charge.