The purpose of the company is the manufacture of electric motors, electric motion controls, power generation plants and products for energy transmission. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold and sell business properties. The company may carry out all commercial, financial and other activities that are connected with the purpose of the company. The company may grant loans or other forms of financing to other companies within the group and provide securities of all kinds that are in the direct or indirect interest of companies within the group or third parties, in particular as guarantees, by way of pledges or fiduciary transfers of the company's assets.