Manufacture and trade of pneumatic valves and pneumatic elements. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for third-party account, as well as provide guarantees and sureties for subsidiaries and third parties. The company may engage in all commercial, financial and other activities that are suitable to promote the purpose of the company, or that are directly or indirectly related thereto, and establish branches in Switzerland and abroad, participate in other companies or merge with them. It may also construct, acquire and sell properties.