The Company's purpose is the sale and support of products in the fields of sensor technology, measurement, control and regulation technology, as well as application engineering and service for integrated control systems in building and industrial automation, as well as for aerospace; the import, export and trade of control devices and industrial instruments of all kinds; participation in companies of all types; the provision of financial, commercial and organizational services; and the execution of all transactions directly or indirectly related to these objectives, whether in its own name and for its own account or for the account of third parties. The Company is authorized to open branches and domestic and foreign subsidiaries, to take over representations and to engage in any commercial activity and conclude any contract of any nature that may promote the purpose of the Company or that has a direct or indirect connection with this purpose. The Company may acquire, hold, manage, encumber and sell domestic and foreign real estate, excluding operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE). The Company is part of a group and may, as such, take into account the interests of the group in pursuing its purpose. The Company may grant loans and other direct or indirect financing to its direct or indirect subsidiaries and to third parties, including its direct or indirect associates and the direct or indirect subsidiaries of such associates, including, in particular, within the framework of centralized treasury management agreements (including periodic account compensation), and provide security of any kind to these parties, including through pledges or transfers of the Company's assets on a fiduciary basis or through guarantees of any nature. This also applies without consideration, on preferential terms, without interest, excluding the pursuit of profit by the Company and/or taking concentration risks.
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