The company's purpose is to shoe horses for its own account and for the account of third parties (subcontracting), as well as to carry out locksmith work for its own account and for the account of third parties (subcontracting). Furthermore, it may carry out, either for its own account or for the account of third parties, all financial, commercial or industrial, movable or immovable operations directly or indirectly related to its corporate purpose and may be interested, in any form, in all similar enterprises, in particular by taking a stake in similar enterprises. It may also establish branches and subsidiaries in Switzerland and abroad. The company may participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose or merge with such companies. It may acquire, encumber, alienate and manage real estate in Switzerland and abroad. The company may also carry out all operations necessary to promote its development and the achievement of its purpose.