Complex sentence: In 1992, the company expanded its business to include the construction of traditional displacement, long range steel hulled yachts with the launch of the 50 metre (160 ft) motor yacht Achiever in collaboration with Oceanco.
Split into simpler sentences: In 1992, the company expanded its business to include the construction of traditional displacement, long range steel hulled yachts. This was marked by the launch of the 50 metre (160ft) motor yacht "Achiever" in collaboration with Oceanco.