Development, manufacture and distribution of piping systems and machines for pipe connection technology, as well as provision of related services. May establish subsidiaries and branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, carry out all commercial, financial and other activities that are directly or indirectly related to the purpose of the company, acquire, hold, manage, use, encumber, sell, dispose of, sublicense, evaluate or have evaluated intellectual property rights, industrial property rights or license rights, provide direct or indirect financing to third parties or companies in which it is directly or indirectly involved, as well as to direct or indirect shareholders or companies in which such parties are directly or indirectly involved, whether by means of loans and/or other financing, including within the framework of cash pooling agreements, may also provide collateral of any kind for its own liabilities or the liabilities of the aforementioned persons, including by means of pledges, assignments, fiduciary transfers, guarantees of any kind or by means of offset obligations, whether against payment or not, even if such financing, collateral or guarantees are in the exclusive interest of third parties or companies in which it is directly or indirectly involved, or of direct or indirect shareholders or companies in which such parties are directly or indirectly involved.
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