A module-handling tool for facilitating installation, servicing, and/or dismantling of a electromagnetic rotary machine, such as an electrical power generator or electric motor, having a modularized active portion. In one embodiment, module-handling tool is configured for a machine having a modularized stator having a number of removable modules. In one example of such stator-module-handling tool, the tool is designed and configured to hold a stator module and be temporarily secured to the rotor of the machine during the process of installing the stator module into the machine or removing the module from the machine. In this example, the module-handling tool also acts as a module carrier for transporting a module to or from the machine.