They are currently playing in the second highest league in Sweden, the HockeyAllsvenskan.

In 1963, the club IFK Bofors was merged with Karlskoga IF and formed KB 63 (formally IF Karlskoga/Bofors).

[1] Karlskoga has been a stable fixture in Sweden's second tier leagues, playing in HockeyAllsvenskan and its predecessors since 1997.

[2] They're the only team to have played all seasons of Sweden's second tier since that time, as well as the only team to have played every season of its current form, HockeyAllsvenskan.

[3] Karlskoga Municipality municipal board decided to purchase the rights to the club name on 6 December 2011,[3] thus changing its name to BIK Karlskoga.