Page 49 - MELLBY_MAGASIN_2025_ENG_SID
P. 49
FMG
FMG Circular Invest is
strengthening its portfolio
for the future
In 2025, FMG Circular Invest focused on supporting its existing
portfolio companies and actively continued to look for new companies
to invest in. The market for water innovations is clearly continuing to
grow, with new and exciting companies constantly emerging.
PEOPLE AND LEVEL OF TECHNOLOGY MOST IMPORTANT
At the same time, FMG held discussions with several entrepreneurs
regarding potential new investments and has evaluated nearly 400
companies in the water sector since its inception. In 2026, Ludovic
Huitorel, co-CEO of Feralco Group, hopes and believes that one
or more new investments will materialise. He emphasises two key
factors.
“Because we invest at such an early stage, the people behind the
company become crucial. To a great extent, we invest in the people
who founded and run the company. But of course, it’s also important
that the underlying innovation is of a high technological level.”
LUDOVIC HUITOREL Because we invest at such an
STEPHEN CHILDS early stage, the people behind
Co-CEOs, Feralco Group the company become crucial
The availability of clean drinking water and wastewater LUDOVIC HUITOREL
treatment is one of the greatest challenges of our time. FMG
Circular Invest, Feralco Group’s and Mellby Gård’s investment LONG-TERM APPROACH AND MARKET POTENTIAL
initiative, invests in innovative water technology companies to help Stephen Childs, who is also co-CEO of the Feralco Group, emphasises
secure a sustainable water system for the future. the importance of a long-term approach, especially as innovations in
the water sector take time to commercialise.
During the year, FMG made several add-on investments in its
portfolio companies, consisting of Bygen, Spec-Imaging, ACWA “We must respect the fact that it often takes time to commercialise
Robotics, Aqua Green and I-Phyc. Several of the companies have the innovations that underpin the companies we invest in,” explains
taken major leaps forward. To name but a few, Spec-Imaging is ready Stephen Childs. “Our flexible ownership model and time horizon for
to commercialise large parts of its technology, Bygen is expanding FMG’s investments enable us to support companies on this journey.”
globally with new facilities in Malaysia and the US, and ACWA
Robotics has developed its offering and can now analyse water pipes FMG Circular Invest sees a market that will only continue to grow –
with larger pipe diameters, broadening its customer base. as water is becoming increasingly relevant as an area to invest in.
49
