Pret A Manger has confirmed it has agreed to acquire the c90-strong grab-and-go chain, EAT, as first revealed by MCA last week.

In an announcement this morning, the group said it would convert “as many of EAT’s shops as possible to Veggie Prets”.

MCA understands that early estimates suggest around 30 of the sites could be converted Pret’s vegetarian sub-brand, which currently operates from four sites.

The price of the transaction was not revealed but MCA understands it put a value on the EAT business of c£60m.

Pret chief executive Clive Schlee said: “The purpose of this deal is to serve a growing demand of vegetarian and vegan customers who want delicious, high quality food and drink options. We have been developing the Veggie Pret concept for over two years and we now have four hugely successful shops across London and Manchester. The acquisition of the EAT estate is a wonderful opportunity to turbo charge the development of Veggie Pret and put significant resources behind it.”

Andrew Walker, chief executive of EAT said: “EAT’s passionate and talented team are what make the business; their commitment to providing our customers with great food and excellent service is at the heart of the company’s outstanding recent performance. I am delighted that their efforts have been recognized through this transaction. It has been a privilege to lead EAT for the past three years, and I believe this acquisition creates new opportunities for employees and customers alike.”

Andrew Aylwin, chairman of EAT said: “Pret is a fantastic brand and this transaction represents a strong strategic fit with benefits for all concerned. I would like to thank Andrew Walker and his team for the outstanding job they have done revitalising the brand and business in the last few years and the company’s shareholders and lenders for their support.”

Analysis by data specialists, CACI, shows that the deal allows Pret to enter five new territories - Chichester, Clapham Junction, Edgbaston in Brmingham, Edinburgh Airport and Windsor.