Walter Meier AG operates in the Refrigeration and heating equipment sector. Walter Meier AG is a Swiss holding Company of an international group specializing in climate and manufacturing technology sector. The Company operates through its two business segments, namely Climate Technology and Manufacturing Technology. The Climate Technology segment offers products, consulting and service in the areas of indoor climate, such as heating, ventilation, cooling and humidification. The Manufacturing Technology segment offers a range of products in the areas of metalworking, woodworking, materials management and hand tools. As of December 31, 2010, the Company had one joint venture, Maschtec Maschinen & Werkzeuge AG, and wholly owned subsidiaries in China, Hungary, Switzerland, Canada, The United Kingdom, Austria and Germany, among others. In
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