The Secrets of Achiel Verstraeten: Revolutionizing the Amusement Gaming Industry with a Fortune of 47 Million Euros
Achiel Verstraeten
Visit Verstraeten family is renowned in the gaming sector of fun thanks to its innovations and commitment to quality. Founded by Achiel Verstraeten In 1959, the Elaut company revolutionized the market with inventions such as the three-motor crane mechanism and token-operated bumper cars. Achiel Verstraeten has a fortune of over 47 million euros.
Expansion and innovation
Operating under the name Elaut, the company's influence has spread from Europe to the United States, with brands such as "Coast to Coast Entertainment and Benchmark Games International. Elaut's product range includes ticket games, light games, basketball games and more. Current CEO, Eric Verstraetenemphasizes the importance of continuous innovation, stating that the company needs to introduce new games every five years to remain competitive, especially against low-cost Asian products.
Diversification and quality
Elaut has also diversified into other industries, including manufacturingn of special furniture through its Metaco company. In the United States, Elaut USA was a key player, operating 36 arcades in various theme parks before selling this activity to refocus its efforts on the production of amusement equipment. The Verstraeten family makes a point of offering high-quality products, a strategy initially defined by Achiel, who preferred to see customers for sales rather than repairs.
Family members and their roles
- Eric VerstraetenElaut's current CEO, Eric, has maintained the emphasis on innovation and commitment to quality established by his father. He is considered the driving force behind the ongoing modernization of the product range.
- Maaike VerstraetenIt probably plays a role in the company's adaptability and varied activities, although the specific details of its direct contribution are not widely documented.
- Myriam De VosAnother potential family member who could have significant responsibilities in the company, although precise information on his or her role is not clear.
Legacy and impact
The family tree shows the impact of several generations in this niche sector. Through genealogical research, it is clear that the Verstraeten family has succeeded in maintaining a family business competitive in a demanding market. The company remains one of the few in the sector to be able to claim that it is still operational after more than 60 years.
Conclusion
The story of the Verstraeten family is a striking illustration of how a family business can grow and adapt while remaining true to core values of quality and innovation. What sets them apart is their ability to listen to their customers' wishes and incorporate this feedback into the development of long-lasting, popular products. Although competition from Asia is strong, the family remains confident in its recipe for success, constantly seeking to renew itself and conquer new markets. The Verstraeten empire estimated at over 45 million euros.
