Vekoma was founded in 1926 but has only been building theme park rides since the late 1960s, when they started to build giant ferris wheels.
Vekoma filed for bankruptcy in 2001 after overspending on research and development. Huisman-Itrec bought Vekoma in late 2001 and formed the Vekoma Rides Manufacturing Company. Vekoma spent the next few years spending very little money on investment and concentrating on their two popular ride models, the boomerang and SLC. It wasn't until 2004 when they revealed their new concept, the Motorbike coaster, which is a launch coaster, and has started to show signs of new research and development projects.

The most common ride types developed by Vekoma are:
| SUSPENDED LOOPING COASTER Vekoma's version of the Inverted Coaster. | | | BOOMERANG A three inversion shuttle coaster. Also comes in an Inverted model, known as an Invertigo. |
 | CORKSCREW Named after the main inversion that resembles a corkscrew. | |  | LSM CATAPULT Using a series of magnets called Linear Synchronization Motors, this type of coaster has a quick launch. |
 | GIANT BOOMERANG A larger, inverted boomerang coaster, containing 4-across trains and vertical cable lifts. | |  | ROLLERSKATER A family-style coaster, availible in both above and below track styles! |
Vekoma also make flat rides as well as coasters.
One type is a 'Mad House', which is a tilting swing inside a rotating barrel type room, which gives the riders the impression that they are slowly being turned upside down. 'Hex' at Alton Towers is a good example of this.

Standard Vekoma track contains three rails and its set in a curved-bowl type shape. Some track is "classic" two-rail track.
Although Vekoma coasters are usually fun, they are not generally renowned for their smoothness. Some coaster enthusiasts view Vekoma as a company that just produces clones (or "straight out the box") coasters, particularly the Boomerang type. It should be noted, however, that these "out of the box" coasters provide cheaper alternatives to large coasters for small parks, and help them to pull in the money needed to build larger and more thrilling attractions.