Complex sentence: In the early 1970s the company acquired agencies for luxury watch brands, and also formed an agreement with Demag AG and set up mechanical handling engineering in 1972, trading and manufacturing hoists and cranes.
Split into simpler sentences: In the early 1970s the company acquired agencies for luxury watch brands. The company formed an agreement with Demag AG and set up mechanical handling engineering in 1972, trading and manufacturing hoists and cranes.