Saskatchewan Investment Fund Golden Opportunities is investing $63-million in Regina-based Degelman Industries.

Golden Opportunities investment fund is managed by Westcap Management.

Westcap President Grant Kook, said the investment will ensure Degelman remains at the forefront of manufacturing innovative farm and industrial equipment.

No only is their reputation really strong in North America but quite frankly globally and in the eight countries that they have dealers in,” Kook said. “Degelman is also recognized as a leader in innovation, and we all know in today’s world you need to be quite innovative to remain competitive,” Kook also said.

Kook says the funds will be used for company growth and succession planning.

Degelman exports over 50 products across the globe through a network of dealers in Canada, the U.S., Russia, Australia, Germany, Kazakhstan, South Africa and Ukraine.