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The Ferris wheel was designed by architects David Marks and Julia Barfield. The design of the automobiles is from Nick Bailey . The overall construction was carried out by the Dutch design firm Hollandia. The axis of rotation and the pillars were created by the Czech engineering firm Skoda. The capsules and the stabilization system is from the French company Sigma. The drive was developed by the Bosch subsidiary Bosch Rexroth. On 10 September 1999 the Dutch specialist company Smit Tak with one of many largest floating cranes on the planet assembled the wheel of the London Eye to erect it, however the attempt failed. Solely a month later the wheel was first raised by 60 degrees. It took one other week so as to carry it into its final position.

The Merlin Entertainments Group owns and operates the Ferris wheel, and is sponsored by British Airways . At the opening in 1999 it was still part of the Tussauds Group and British Airways and Marks Barfield Architects family together. In 2006 Tussaud acquired the shares of the opposite owners in 2007 and then itself received taken over by Merlin.

Presently it is the third largest Ferris wheel within the world. By 4 January 2004 it was renamed the London Eye, the tallest Ferris wheel on the planet, however was then crushed by a new 160-meter-excessive Ferris wheel, the ” Star of Nanchang in Nanchang China, which, in flip, with the opening of the Singapore Flyer on 1 March 2008 was additionally overwhelmed as the biggest Ferris wheel within the world.