ZF Electronics switches and sensors, (formerly CHERRY Switches), are synonymous with quality, precision and reliability, and can be found in a broad range of applications and markets such as white goods and appliances, automotive, gaming, vending, drives, switchgear, control engineering and powertools. ZF is a global leader in driveline and chassis technology as well as active and passive safety technology. The company, which acquired TRW Automotive on May 15, 2015 and integrated it into the organizational structure as the Active & Passive Safety Technology Division, is represented at about 230 locations in some 40 countries. The combined company has a global workforce of around 138,300 and reported sales of €29.2 billion in 2015. ZF annually invests approximately five percent of its sales in Research & Development (€1.4 billion in 2015) ensuring continued success through the design and engineering of innovative technologies.