Delphi Automotive PLC (NYSE:DLPH) acquired Movimento, Inc. from Industrifonden, Verdane ETF II SPV Ky, a fund of Verdane and others for $50 million on January 3, 2017. The purchase price consisted of $40 million at the time of closing and an additional cash payment of up to $10 million contingent upon the achievement of certain performance metrics over a future 2-year period. The range of the undiscounted amounts the Company could be required to pay under this arrangement is between $0 and $10 million. The buyer acquired Movimento utilizing cash on hand. Movimento will remain an independent entity within Delphi, and will maintain its existing customer service model. Morgan Stanley (NYSE: MS) acted as financial advisor to the Industrifonden. Delphi Automotive PLC (NYSE:DLPH) completed the acquisition of Movimento, Inc. from Industrifonden, Verdane ETF II SPV Ky, a fund of Verdane and others on January 3, 2017.