Complex sentence: The company was established as North and South Railways in 1995 by a consortium led by Wisconsin Central Transportation Corporation, and was renamed EWS the following year, following the acquisition of five of the six freight companies created by the privatisation of British Rail.
Split into simpler sentences: The company was established as North and South Railways in 1995 by a consortium led by Wisconsin Central Transportation Corporation, and was renamed EWS the following year. It acquired of five of the six freight companies sold during the privatisation of British Rail.