Complex sentence: After the collapse of the GDR, the remains of VEB Polytechnik were rescued in a new company called Polytechnik Frankenberg GmbH. It produced overhead projectors and hand lever cutting machines.
Split into simpler sentences: After the collapse of the GDR, the remains of "VEB Polytechnik" were rescued in a new company called "Polytechnik Frankenberg GmbH". They produced overhead projectors and hand lever cutting machines.