[1/2] Philips Healthcare headquarters is seen in Best, Netherlands August 30, 2018.
The group combines two of the three sectors Exor targets in its investment strategy: healthcare and technology.
While not an activist investor, Exor aims to play an active role in supporting Philips' strategy, the source said.
"Exor's substantial investment underlines their confidence in Philips' transformation into a healthcare technology company and its growth and value potential," Philips Chairman Feike Sijbesma said in a statement.
Philips last month reported core profit of 453 million euros and slightly upgraded financial targets for the full year.
Persons:
de, Exor, Italy's Agnelli, Philips, Feike Sijbesma, John Elkann, Lifenet, Louboutin, Roy Jakobs, Valentina Za, Kim Coghill, David Goodman, Susan Fenton
Organizations:
Philips Healthcare, REUTERS, Philips, Philips AMSTERDAM, Exor, Institut, Ferrari, Italian soccer, Juventus, ING, U.S . Department of Justice, Thomson
Locations:
, Netherlands, Exor, Louboutin . New York, Italian, Milan