Development, manufacture and distribution of products and provision of services for the railway industry and related sectors. The company may establish subsidiaries and branches in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold and sell commercially and industrially used properties and intellectual property rights. The company may also carry out all commercial, financial and other activities that are directly or indirectly related to the purpose of the company. Furthermore, the company may grant direct or indirect financing to its direct or indirect subsidiaries and third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, and provide collateral of any kind for its own liabilities and those of other companies (including its direct or indirect subsidiaries and third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries), including by way of pledges or fiduciary transfers of the company's assets or guarantees of any kind, whether remunerated or not. In addition, it may operate a liquidity adjustment/concentration of net liquidity (cash pooling) with the aforementioned companies or join such a system, including periodic account settlement (zero balancing). This also applies under preferential conditions without interest, excluding the company's profit motive and assuming cluster risks.
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