It was formed in 1991 as a result of a merger between the Austrian parastatal Böhler and Uddeholms AB of Sweden.

The company has production sites in Austria, Germany, Sweden, Brazil, Belgium, Turkey, China, United States and Mexico.

As of September 2008, it is a wholly owned subsidiary of voestalpine.

Böhler-Uddeholm was listed on the Vienna Stock Exchange between 10 April 1995 and 5 September 2008.

In April 2007, voestalpine AG made a takeover offer for Böhler-Uddeholm - the bid was accepted by a majority of shareholders in June of that year.