Lenovo Group has agreed to acquire the Mexican personal computer business of Sanmina-SCI Corp for an undisclosed sum, marking the mainland technology giant's first big acquisition since it bought IBM's personal computer division in 2005.
Sanmina, an electronics contract manufacturer based in California, is selling its personal computer business as part of a restructuring plan.
The company makes personal computers and components for IBM in North America. It also makes other electronic components for the defence, aerospace, medical and vehicle industries.
Sanmina said it had entered into a non-binding memorandum of understanding to sell its personal computing operation and other related assets in Mexico to Lenovo.
The operations are based in Monterrey, a key industrial city and capital of the northeastern Mexican state of Nuevo Leon. Financial terms were not given.
For Lenovo, the deal with Sanmina will provide it with greater manufacturing capacity to bolster its push into consumer personal computers and servers for small and medium-sized businesses in the highly competitive North American market.
