Axel Moorkens: The 198-million-euro automotive empire in the midst of diversification
Axel Moorkens
The Moorkens family, with deep roots in Belgium, is run by Axel Moorkensson of Leopold Moorkens. Their main business, Alcopais vast and diversified, encompassing many different industries. Alcopa started out mainly as a car importer in Belgium, a field the family mastered before diversifying their activities. The Moorkens family has assets estimated at over 198 million euros.
Sapima company integrated into their group, specializes in the manufacture of spokes for bicycle wheels. Founded in 1918, it underwent a significant transformation following its acquisition by the Leopold Moorkens. Today, Sapim stands out for its innovations and expansion on international markets such as the United States, Japan and Russia.
| Company | Activity | Location |
|---|---|---|
| Alcopa | Automobile imports | Antwerp, Belgium |
| Sapim | Manufacturing bicycle spokes | Antwerp, Belgium |
Axel Moorkens plays a crucial role as President of Alcopasupervising and integrating the company's various branches, including Sapim which currently operates seven production units worldwide. The Moorkens family holds a substantial 17% stake in Alcopa, underlining the importance of their involvement in organizational structure and strategic decisions.
Recently, the Moorkens branch extended its influence by acquiring a 10% stake in the Walloon-listed holding company Whitestonethus consolidating their position in the Belgian financial landscape. This strategic move is aimed at establishing a presence in Flanders as well, fostering potential synergies with other entities and intensifying their presence on the European market.
