The company's purpose is to develop, manufacture, distribute and service electrical power generation systems, electrical appliances, switchgear and control systems, components and systems for transportation systems, operate a research center, as well as acquire and manage participations and project financings. It may participate in group financings, in particular grant loans to direct and indirect shareholders and other group companies and provide securities of all kinds (in particular guarantees, pledges, global assignments, security transfers, security assignments, indemnification declarations) for their liabilities, whether against payment or not. The company may also provide services in the interest of other group members; may operate a liquidity adjustment with other group companies (cash pooling) or join such a system, including periodic account settlement (zero balancing), even under preferential conditions without interest, excluding the company's profit orientation and assuming cluster risks. It may acquire real estate, establish branch offices, participate in other companies and conduct all business that is related to or suitable for promoting the purpose of the company.
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