Lenovo, which recently failed in its bid to acquire Belgium-based Packard Bell, has reached an agreement to acquire some PC-related assets from Sanmina-SCI Corp.

Financial terms were not disclosed.

Sanmina, which is based in California, is an international electronics manufacturing services firm.

As part of the deal, Lenovo will acquire Sanmina’s PC manufacturing operation in Monterrey, Mexico, as well as some other assets that were not spelled out. Last year Lenovo announced plans to build a manufacturing plant in Mexico as part of a worldwide effort to increase sales to consumers and small businesses.

Lenovo is the world’s No. 4 PC maker.

If the acquisition takes place, it would be the first for Lenovo since it acquired IBM’s PC business two years ago. Lenovo’s headquarters are located in Morrisville, but most of its operations are in China.

Sanmina also has decided to sell another part of its PC business to Foxconn Technology Group.