Though the parts were originally intended only for his own use, Peters' success with his components was noticed by other racers, and he founded the company in 1977 to deal with demand.

In 1984 WP supplied suspension components to KTM's first Motocross World Championship victory in the 250cc class with Heinz Kinigadner.

[2][3] In 1994 WP supplied suspension components to the B194 car by Benetton which propelled Michael Schumacher to his first Formula 1 world championship title.

Beginning in 2009, production was moved to Munderfing, Austria, and suspension components are no longer produced in the former main factory in Malden, Netherlands.

[1][6] As of 2020, the non-suspension activities have been sold off or transferred to other divisions within the parent company, with WP again concentrating solely on the development and manufacture of motorcycle suspension systems.