The company also offers transmissions, propellers, control systems, surface drives, and shaft brakes for commercial crafts. It serves satellite service companies and service dealers, as well as the South East, North East, and Latin America regions; and the Gulf Coast, West Coast, and Mid-West regions. The company was founded in 2005 and is based in Miramar, Florida. ZF Marine LLC operates as a sub
sidiary of ZF Group North American Operations, Inc. ZF is a leading worldwide automotive supplier for Driveline and Chassis Technology with 121 production companies in 27 countries. In 2011, the Group will achieve a sales figure of roughly EUR 15.5 billion with approximately 72.100 employees. ZF is among the top 10 companies on the ranking list of the largest automotive suppliers worldwide. The company was founded in 1915 for the development and production of transmissions for airships and vehicles. Today, the group's product range comprises transmissions and steering systems as well as chassis components and complete axle systems and modules. As stockholders, the Zeppelin Foundation - which is administered by the City of Friedrichshafen - holds 93.8 percent and the Dr. Jürgen and Irmgard Ulderup Foundation Lemförde holds 6.2 percent of shares. The ZF Group invests more than 5 percent of total revenue in research and development every year. R & D investment in 2011 will amount to approx. With an investment program for 2011 amounting more than EUR 1 billion, the ZF Group is taking long strides.
